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Volvo Cars reports global sales growth of 8.2 per cent in first half of 2017

Volvo Cars reports global sales growth of 8.2 per cent in first half of 2017

 

Volvo Cars, the premium carmaker, remains firmly on course for another record year in retail sales after posting an 8.2 per cent increase for the first six months of the year. Total sales in the first half of 2017 amounted to 277,641 cars, compared to 256,563 cars a year earlier.

 

Global retail sales in June came in at 54,351 cars, an increase of 5.7 per cent compared to the same month last year.

 

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

 

The Asia Pacific region reported sales growth of 27.3 per cent in June to 13,769 cars. Sales in China, Volvo’s largest market, increased by a very healthy 30.9 per cent to 10,113 cars.

 

For the first six months, growth in the Asia Pacific region amounted to 22.6 per cent, while China was up 27.6 per cent for the period. The result was supported by strong demand for the locally-produced XC60, S60L and S90 models.

 

First-half sales in the EMEA region were up by 6.6 per cent to 164,128 cars sold, as the region continued to see strong demand for the new V90 and XC90 as well as the XC60. Strong performing markets include Sweden, the United Kingdom, France and Germany. June sales in the region were up 3.9 per cent.

 

The Americas region reported sales of 41,277 cars for the first six months of 2017, of which 34,102 in the United States. The most popular model in the region is the XC90, followed closely by the XC60.

 

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

 

 

 

June

January - June

 

 

2016

2017

Change

2016

2017

Change

Region EMEA

30 482

31 678

3.9%

153 953

164 128

6.6%

 

Sweden

7 228

7 246

0.2%

36 455

38 724

6.2%

Region Asia-Pacific

10 816

13 769

27.3%

57 568

70 584

22.6%

 

China

7 727

10 113

30.9%

40 688

51 914

27.6%

Region Americas

9 876

8 651

-12.4%

43 412

41 277

-4.9%

 

USA

8 588

7 303

-15.0%

36 654

34 102

-7.0%

Other

257

253

-1.6%

1 630

1 652

1.3%

TOTAL

51 431

54 351

5.7%

256 563

277 641

8.2%

 

Globally, the Volvo XC60 was the best-selling model in June with 16,905 cars sold (2016: 15,536), followed by the Volvo V40/V40 Cross Country with 9,434 cars sold (10,142). The XC90 was third with 7,972 sold cars (8,280). 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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