Press Releases

Volvo Cars reports global sales growth of 12.2 per cent in May

 

Volvo Cars, the premium car maker, continued on its path towards another record full year in May, reporting  double-digit global retail sales growth of 12.2 per cent compared to the same month last year, on the back of solid performance in all its three main sales regions.

 

Total sales for the month amounted to 47,247 cars, compared to 42,107 cars the year before. Growth for the first five months of 2017 was 8.9 per cent. Volvo sold a record 534,332 cars in 2016 and is confident it will report another record this year.

 

Firm demand for new 90 series cars remains an important factor in Volvo’s sales performance, while the original XC60 continues to be the best-selling model overall.

 

The Asia Pacific region reported sales growth of 30.6 per cent in May to 12,721 cars, boosted by a strong performance in China, Volvo’s largest individual sales market. Sales in the country rose 38.8 per cent to 9,779 cars as the locally produced S90, XC60 and S60L models prove popular with customers.

 

Sales in the Americas region increased 10.4 per cent to 7,574 cars. The increase came after a 12 per cent increase in the US market to 6,202 cars. The XC90 was the best-selling car in both the Americas region and the US market for the month, followed by the XC60.

 

Sales in the EMEA region increased by 5.4 per cent in May to 26,634 cars. Europe’s most popular premium mid-size SUV, the XC60, remained Volvo’s best-seller in the region, followed by the V40/V40 Cross country.

 

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

 

 

 

May

January - May

 

 

2016

2017

Change

2016

2017

Change

Region EMEA

25,259

26,634

5.4%

123,471

132,450

7.3%

 

Sweden

6,545

7,032

7.4%

29,227

31,478

7.7%

Region Asia-Pacific

9,738

12,721

30.6%

46,752

56,815

21.5%

 

China

7,045

9,779

38.8%

32,961

41,801

26.8%

Region Americas

6,858

7,574

10.4%

33,536

32,626

-2.7%

 

USA

5,536

6,202

12.0%

28,066

26,799

-4.5%

Other

252

318

26.2%

1,373

1,399

1.9%

TOTAL

42,107

47,247

12.2%

205,132

223,290

8.9%

 

Globally, the Volvo XC60 was the best-selling model in May with 15,639 cars sold (2016: 12,029), followed by the Volvo V40/V40 Cross Country with 7,997 cars sold (7,833). The XC90 was third with 6,647 sold cars (6,715). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

-------------------------------

 

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 Cars' international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.

Media Contacts

For information on how Volvo Cars process your personal data in relation to Volvo Cars Global Newsroom click here.

Volvo Cars Newsroom makes use of cookies in order to optimize your user experience on this website. The cookies on the website do not store personal information. For more information, read our Cookies Policy page.

Accept