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Volvo Cars reports global sales growth of 11.2 per cent in September

Volvo Cars reports global sales growth of 11.2 per cent in September

 

Volvo Cars, the premium carmaker, continued its sales momentum in September with growth in all main regions, compared with the same month last year, and remains on track for a fourth consecutive year of record sales.

 

Sales in September reached 53,674 cars sold, up 11.2 per cent compared with the same month last year. In the first nine months of 2017 sales amounted to 413,472 cars, up 9.0 per cent compared to the year ago period.

 

Strong demand for the 90 series cars and the ramping up of new XC60 production continued to be an important factor in the company’s sales growth.

 

In China, Volvo’s largest market, sales grew by a solid 29.8 per cent in September, compared with the same month last year, as the company sold to a total of 11,544 cars. The locally produced XC60, S60L and S90 models continued to be the main growth drivers. The Asia Pacific region recorded the strongest growth of all regions during the first nine months of 2017, up 23.7 per cent, compared with the same period last year.

 

In the US, Volvo reported a very strong 40.7 per cent increase year-on-year for the month of September, following strong sales of the XC90 SUV, the S90 sedan and the just arrived new XC60 mid-size SUV. The Americas region as a whole grew by 36.3 per cent in September.

 

Sales in the EMEA region grew by 0.8 percent in September to 29,606 cars. For the first nine months of 2017, sales were up by 6.3 per cent to 234,852 cars as the region continued to see strong demand for the new V90, new XC60 and XC90.

 

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

 

 

 

September

January - September

 

 

2016

2017

Change

2016

2017

Change

Region EMEA

29,368

29,606

 0.8%

221,035

234,852

 6.3%

 

Sweden

5,426

5,745

5.9%

49,381

54,105

 9.6%

Region Asia-Pacific

12,084

14,790

22.4%

89,183

110,299

 23.7%

 

China

8,891

11,544

29.8%

63,387

82,341

 29.9%

Region Americas

6,807

9,278

36.3%

69,113

68,321

 -1.1%

 

USA

5,615

7,900

40.7%

58,534

56,963

- 2.7%

TOTAL

48,259

53,674

11.2%

379,331

413,472

 9.0%

  

Globally, the Volvo XC60 was the best-selling model in September with 14,391 cars sold (2016: 15,551), followed by the Volvo V40/V40 Cross Country with 8,421 cars sold (10,341). The XC90 was third with 7,937 sold cars (7,856). 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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