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Volvo Car Group announces November retail sales: global sales up 2.6 per cent, growth in China and Europe

Volvo Car Group announces November retail sales

Volvo Cars’ global sales up 2.6 per cent, growth in China and Europe

 

  • Volvo Cars’ 17th consecutive month of growth
  • Global sales of 38,941 cars, up 2.6 per cent versus November last year
  • Year-to-date sales of 418,821 cars, an increase of 8.8 per cent versus 2013

 

Volvo Cars posted a 17th consecutive month of retail sales growth in November, with China and Europe recording a sales increase compared to November 2013. The best-selling Volvo model, the XC60 crossover, passed its full year 2013 sales figure of 114,000 cars already by mid-November this year and has thereby set a new all-time high record.

 

China, Volvo Cars’ largest market, reported November sales of 6,933 cars, up 15.6 per cent versus November last year while the growth rate for the first 11 months was 33.6 per cent. The Volvo XC60 crossover was the best-selling model followed closely by the S60L sedan.

 

In Sweden, Volvo Cars sold 5,718 cars, up 6.5 per cent from the same month last year. Its market share was more than 21per cent with the Volvo V60 and V70 models the best-selling models.

 

Volvo Cars also continued to grow in Europe during November. Sales rose 3.4 per cent versus the same month last year. The main growth drivers were the UK, Germany and France. The Volvo V40 hatchback remains the best-selling Volvo model in Europe, helped by its strong and class-leading line-up of Drive-E engines.

 

Sales in the United States were down by 14.4 per cent to 3,623 cars in November. The Volvo XC60 and S60 models were the best-selling models during the month.

 

“With no less than 17 months of consecutive growth we have demonstrated that Volvo Cars’ growth is both consistent and sustainable,” says Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “It was also encouraging to get all the positive feedback on the new Volvo V60 Cross Country which is a great addition to an already very attractive product offer”.

 

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

 

 

November

 

January – November

               
 

2013

2014

Change

 

2013

2014

Change

               

China

5 995

6 933

15,6%

 

54 461

72 760

33,6%

               

USA

4 233

3 623

-14,4%

 

56 345

51 451

-8,7%

               

Sweden

5 371

5 718

6,5%

 

46 780

55 092

17,8%

               

Western Europe*

15 258

15 783

3,4%

 

149 342

163 283

9,3%

               

Other markets

7 088

6 884

-2,9%

 

77 861

76 235

-2,1%

               

TOTAL

37 945

38 941

2,6%

 

384 789

418 821

8,8%

               

*excluding Sweden

             

 

The Volvo XC60 was the best-selling model in November with 12,360 sold cars (2013: 10,119), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 9,591 cars (9,795). The third best-selling model was the Volvo V60 with 4,773 cars (5,350). 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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