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Volvo Cars reports global sales growth of 10.5 per cent in April

Volvo Cars reports global sales growth of 10.5 per cent in April

 

Volvo Cars, the premium car maker, saw a good start to the second quarter in April, reporting global retail sales growth of 10.5 per cent for the month. Volvo Cars’ three main sales regions all contributed to the double-digit growth.

 

Total sales for the month amounted to 46,895 cars, compared to 42,434 cars the year before. Growth for the first four months of 2017 amounted to 8.0 per cent.

 

Firm demand for the new 90 series cars remains an important factor in Volvo’s positive sales performance, while the original XC60 remains the best-selling model overall. The new, second-generation XC60 went into production last week and the first cars will soon reach customers.

 

The Asia Pacific region reported sales growth of 29.5 per cent in April to 11,222 cars, on the back of a very encouraging performance in China, Volvo’s largest market. Sales in the country rose 38.3 per cent to 8,687 cars on robust demand for the locally produced S90, XC60 and S60L models.

 

The Americas region returned to growth in April with a strong performance in the US market. Sales in the region amounted to 8,411 cars, up 14.0 per cent from a year earlier, while the US market grew by 15.4 per cent to 7,121 cars. The XC90 was the best-selling car in the market for the month, followed by the XC60.

 

Sales in the EMEA region increased by 3.7 per cent in April to 26,996 cars, boosted by a solid performance in the western European markets. Europe’s most popular premium mid-size SUV, the XC60, remained Volvo’s best-seller in the region and claimed the top position for best-selling models in Sweden in April.

 

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

 

 

 

April

January - April

 

 

2016

2017

Change

2016

2017

Change

Region EMEA

26,043

26,996

3.7%

98,212

105,816

7.7%

 

Sweden

6,635

6,730

1.4%

22,682

24,446

7.8%

Region Asia-Pacific

8,666

11,222

29.5%

37,014

44,094

19.1%

 

China

6,280

8,687

38.3%

25,916

32,022

23.6%

Region Americas

7,378

8,411

14.0%

26,678

25,052

-6.1%

 

USA

6,169

7,121

15.4%

22,530

20,597

-8.6%

Other

347

266

-23.3%

1,121

1,081

-3.6%

TOTAL

42,434

46,895

10.5%

163,025

176,043

8.0%

 

Globally, the Volvo XC60 was the best-selling model in April with 15,434 cars sold (2016: 11,937), followed by the Volvo V40/V40 Cross Country with 7,577 cars sold (7,365). The XC90 was third with 6,397 sold cars (8,102). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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Volvo Car Group in 2016

For the 2016 financial year, Volvo Car Group recorded an operating profit of 11,014 MSEK (6,620 MSEK in 2015). Revenue over the period amounted to 180,672 MSEK (164,043 MSEK). For the full year 2016, global sales reached a record 534,332 cars, an increase of 6.2 per cent versus 2015. 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 534,332 cars in 2016 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 2016, Volvo Cars had over 31,000 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).

Keywords:
Sales Volumes, Corporate
Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.

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