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Volvo Car Group announces August retail sales: global sales up 8.4 per cent, continued growth in China and Europe

Volvo Car Group announces August retail sales:

Volvo Cars’ global sales up 8.4 per cent, continued growth in China and Europe

 

  • Global sales of 29,257 cars, up 8.4 per cent versus August last year
  • China sales up 42.5 per cent in August
  • Volvo Cars’ fourteenth consecutive month of growth
  • Year-to-date sales of 294,709 cars, an increase of 9.2 per cent versus 2013

 

August marked another month of positive momentum for Volvo Cars with retail sales of 29,257 cars, up 8.4 per cent compared to the same month last year, driven by a strong performance in key markets.

 

Volvo Cars’ largest market China reported August sales amounting to 6,154 cars, up 42.5 per cent versus last year. The Volvo XC60 crossover was the best-selling model followed by the S60L sedan.

 

In Sweden, Volvo Cars outperformed the market by selling 3,167 cars, up 6.2 per cent from last year driven by growing demand for Volvo’s XC-range carlines.

 

Europe was another bright spot in August with the Volvo XC60 and the V40 models boosting sales to 8,918 cars, up 19.4 per cent versus last year. Both Germany and France grew more than 50 per cent in August. The Volvo V40 is the best-selling model in Europe with its class-leading engines offering outstanding performance in combination with low CO2 emissions.

Volvo S60 R-Design

The United States was Volvo Cars’ second largest market in August with 4,961 retail sold cars. The Volvo S60 and XC60 models were the best-selling models during the month.

 

“With continued positive developments in key markets, Volvo Cars is clearly on track towards an all-time high sales result for this year,” says Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “I am also extremely pleased with the positive reactions we saw at the global launch of the all-new Volvo XC90, which shows that we have chosen the right direction for our future models.”

 

Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:

 

 

August

 

January – August

               
 

2013

2014

Change

 

2013

2014

Change

               

China

4 319

6 154

42,5%

 

37 661

51 568

36,9%

               

USA

5 519

4 961

-10,1%

 

44 005

39 189

-10,9%

               

Sweden

2 981

3 167

6,2%

 

31 624

37 778

19,5%

               

Western Europe*

7 469

8 918

19,4%

 

101 425

110 977

9,4%

               

Other markets

6 710

6 057

-9,7%

 

55 050

55 197

0,3%

               

TOTAL

26 998

29 257

8,4%

 

269 765

294 709

9,2%

*excluding Sweden

 

The Volvo XC60 was the best-selling model in August with 8,695 sold cars (2013: 7,646), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 6,213 cars (6,022). The third best-selling model was the Volvo V60 with 3,584 cars (3,243). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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Volvo Car Group in 2013

For the 2013 financial year, Volvo Car Group recorded an operating profit of 1,919 MSEK (66 MSEK in 2012). Revenue over the period amounted to 122,245 MSEK (124,547 MSEK), while net income amounted to 960 MSEK (-542 MSEK). Global retail sales for the year amounted to 427,840 (421,951) cars, an increase of 1.4 per cent compared to 2012. The operating profit was the result of cost control and strong sales and was further tangible proof of Volvo Car Group’s progress in implementing its transformation plan. For the full year 2014, the company expects to stay in black figures and predicts to record a global sales increase of close to 10 per cent.

 

About Volvo Car Group

Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 427,000 in 2013 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

 

As of December 2013, Volvo Cars had over 23,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China).

Keywords:
Sales Volumes, Corporate
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