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Volvo Car Group announces October retail sales: global sales up 12.6 per cent, growth in China, Europe and US

Volvo Car Group announces October retail sales:

Volvo Cars’ global sales up 12.6 per cent, growth in China, Europe and US

 

  • Global sales of 40,680 cars, up 12.6 per cent versus October last year
  • Volvo Cars’ 16th consecutive month of growth
  • Year-to-date sales of 379,880 cars, an increase of 9.5 per cent versus 2013

 

Volvo Cars posted a 16th consecutive month of retail sales growth in October, with China, Europe and the United States all recording a sales increase compared to October 2013.

 

China, Volvo Cars’ largest market, reported October sales of 6,917 cars, up 36 per cent versus October last year and the accumulated sales result for the first ten months of the year has already passed the full year result for 2013. The Volvo S60L sedan was the best-selling model followed closely by the XC60 crossover.

 

In Sweden, Volvo Cars sold 6,609 cars, up 30 per cent from the same month last year. The market share was 22.3 per cent with four Volvo models on the top 10 list of best-selling cars.

 

Volvo Cars continued its strong performance in Europe in October, where sales rose 12.1 per cent versus October last year. The UK market was the main growth driver where sales of the Volvo XC60 more than doubled versus last year. Germany and all Southern European markets also reported positive developments. The V40 remains the best-selling Volvo model in Europe, helped by its strong and class-leading line-up of Drive-E engines.

 

The United States was up by 1.4 per cent to 3,972 cars making it Volvo Cars’ third-largest individual market in October. The Volvo S60 and XC60 models were the best-selling models during the month.

 

“It’s very encouraging to see that all of our top five markets reported growth for the month which is a clear sign of a strong product offer,” says Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “I’m also looking forward to see the reactions on what we will reveal at the upcoming motor shows in Los Angeles and Guangzhou this month.”

 

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

 

 

October

 

January – October

               
 

2013

2014

Change

 

2013

2014

Change

               

China

5 086

6 917

36,0%

 

48 466

65 827

35,8%

               

USA

3 919

3 972

1,4%

 

52 112

47 828

-8,2%

               

Sweden

5 084

6 609

30,0%

 

41 409

49 374

19,2%

               

Western Europe*

14 854

16 652

12,1%

 

134 084

147 500

10,0%

               

Other markets

7 184

6 530

-9,1%

 

70 773

69 351

-2,0%

               

TOTAL

36 127

40 680

12,6%

 

346 844

379 880

9,5%

               

*excluding Sweden

             

 

The Volvo XC60 was the best-selling model in October with 11,895 sold cars (2013: 9,954), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 9,981 cars (9,489). The third best-selling model was the Volvo V60 with 5,977 cars (5,170). 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) and body components in Olofström (Sweden).

Keywords:
Sales Volumes
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