Volvo Cars continued its trajectory towards another record year in global sales in October, on the back of a strong performance in China. Year-to-date sales growth globally amounted to 8.4 per cent, resulting in total sales for the first ten months of the year of 424,772 cars (2015: 391,948).
Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall.
In China, Volvo’s sales increase now amounts to 12.5 per cent year-to-date, based on another month of double-digit growth in October. The best-selling models were the locally-produced Volvo XC60 and S60L models.
Sales in Western Europe were up 6.2 per cent year-to-date with continued strong demand in several key markets. The Volvo XC60 was the best-selling model in the region.
In the United States, Volvo remains on track for another year of double-digit growth. The overall increase for the first ten months amounts to 20.6 per cent, and 64,874 cars have been delivered so far this year. Demand in the US continues to be driven by the new Volvo XC90, followed by the XC60.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
|
October |
January – October |
||||||
|
2015 |
2016 |
Change |
2015 |
2016 |
Change |
||
|
China |
7 066 |
8 296 |
17,4% |
63 721 |
71 683 |
12,5% |
|
|
USA |
7 422 |
6 340 |
-14,6% |
53 805 |
64 874 |
20,6% |
|
|
Sweden |
7 205 |
6 678 |
-7,3% |
53 955 |
56 059 |
3,9% |
|
|
Western Europe |
17 262 |
17 527 |
1,5% |
155 115 |
164 673 |
6,2% |
|
|
Other markets |
6 845 |
6 601 |
-3,5% |
65 352 |
67 483 |
3,3% |
|
|
TOTAL |
45 800 |
45 442 |
-0,8% |
391 948 |
424 772 |
8,4% |
|
Globally, the Volvo XC60 was the best-selling model in the first ten months of 2016 with 126,495 cars sold (2015: 128,364), followed by the Volvo V40/V40 Cross Country with 80,687 sold cars (83,904). The new XC90 was third with 73,579 cars sold (24,653). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
-------------------------------
Volvo Car Group in 2015
For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). For the full year 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. 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 503,127 in 2015 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 2015, Volvo Cars had almost 29,000 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), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).
