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Volvo Cars global sales up 8.3 per cent in first 11 months of 2017

Volvo Cars global sales up 8.3 per cent in first 11 months of 2017

 

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

 

Global sales grew by 6.1 per cent in November compared with the same period last year, reaching 51,738 cars. In the first 11 months of 2017, sales amounted to 513,051 cars, up 8.3 per cent compared to a year ago.

 

Strong demand for the new XC60, which was the best-selling model in November, and the 90-series cars continues to be an important factor in the company’s growth.

 

In China, Volvo’s largest market, sales continued to increase rapidly in November, compared with the same month last year. Sales increased by 24.1 per cent to 11,259 cars. The locally produced S90, S60L and XC60 models continued to be the main growth drivers.

 

The Asia Pacific region as a whole was Volvo’s fastest growing region in November, up 17.6 per cent compared to a year ago.

 

In the Americas region, Volvo reported a robust 6.8 per cent sales increase year-on-year for the month of November following strong sales of the XC90, new XC60 and the S90.

 

Sales in the EMEA region grew by 0.7 per cent in November to 27,490 cars. For the first 11 months of 2017, sales were up 4.6 per cent to 288,083 cars as the region continued to see strong demand for the new XC60, V90 and XC90.

 

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

 

 

 

November

January - November

 

 

2016

2017

Change

2016

2017

Change

Region EMEA

27,307

27,490

0.7%

275,371

288,083

4.6%

 

Sweden

6,483

6,150

-5.1%

62,542

66,699

6.6%

Region Asia-Pacific

12,451

14,642

17.6%

112,480

138,389

23.0%

 

China

9,076

11,259

24.1%

80,759

104,344

29.2%

Region Americas

8,997

9,606

6.8%

85,677

86,579

1.1%

 

USA

7,719

7,854

1.7%

72,593

71,825

-1.1%

TOTAL

48,755

51,738

6.1%

473,528

513,051

8.3%

 

Globally, the new Volvo XC60 was the best-selling model in November with 8,899 cars sold (2016: N/A), followed by the Volvo V40/V40 Cross Country with 8,708 cars sold (9,070). The new XC90 was third with 8,415 sold cars (7,872). 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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