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Volvo Car Group announces February retail sales: 20th consecutive month of global growth

Volvo Car Group announces February retail sales

Volvo Cars’ 20th consecutive month of global growth

 

  • Global sales of 29,980 cars, up 0.1 per cent versus February last year
  • Growth in all major markets

 

Volvo Cars posted a 20th consecutive month of retail sales growth in February with Europe, China and the United States all recording sales increases compared to February 2014.

 

China reported a 7.7 per cent sales increase to a total of 4,812 cars with the XC60 Crossover being the best-selling model. Sales in Sweden amounted to 4,690 cars, up 13.1 per cent versus February last year, and the market share continues to be very strong at 20 per cent. The United States were up by 0.5 per cent to 4,012 cars.

 

“The good momentum continues and we are very pleased by the extremely positive reception of the all-new Volvo XC90” said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “We already have more than 18,000 pre-orders for the XC90 so we look forward to delivering the first cars to customers during the spring”.

 

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

 

 

February

 

January – February

               
 

2014

2015

Change

 

2014

2015

Change

               

China

4 470

4 812

7,7%

 

10 311

10 691

3,7%

               

USA

3 991

4 012

0,5%

 

7 783

7 807

0,3%

               

Sweden

4 148

4690

13,1%

 

7 769

8 318

7,1%

               

Western Europe

10 906

10 736

-1,6%

 

22 607

23 013

1,8%

               

Other markets

6 433

5 730

-10,9%

 

11 850

11 005

-7,1%

               

TOTAL

29 948

29 980

0,1%

 

60 320

60 834

0,9%

 

The Volvo XC60 was the best-selling mode in February with 10,381 sold cars (2014: 8,672), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 6,413 cars (2014: 6,681). The S60 and S60L models were third best selling at 4,258 cars (2014: 3,812). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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Volvo Car Group in 2014

For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan. 

 

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 465,866 in 2014 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 2014, Volvo Cars had over 25,000 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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