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Volvo Cars global sales up 22.4 per cent in January 2018

Volvo Cars global sales up 22.4 per cent in January 2018

 

Volvo Cars, the premium car maker, is off to a good start in 2018 after reporting a global year-on-year sales increase of 22.4 per cent in January, growing in all its main markets.

 

Total sales for the month amounted to 43,439 cars compared to 35,475 cars a year earlier. Sales of the new XC60 as well as its siblings in the 90-series were the main drivers of growth.

 

Sales increased by a very strong 38.0 per cent in China to 11,537 cars in January compared to the year before. The increase comes on the back of the local start of production and sales of the new XC60 mid-size SUV. China also continued to see high demand for the locally produced S90 and S60 sedans.

 

In Europe, Volvo reported a robust 11.7 per cent sales increase year-on-year for the month of January following strong sales of the new XC60 and XC90 SUVs as well as the V90 estate.

 

The US market also started the new year strong, with a year-on-year sales increase in January of 60.5 per cent. The XC90, the S90 and the new XC60 were the main growth drivers in the market, with the all-new XC60 named North American Utility of the Year.

 

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

 

 

January

 

2017

2018

Change

Europe

18,854

21,061

11.7%

China

8,362

11,537

38.0%

US

3,469

5,567

60.5%

Other

4,790

5,274

10.1%

TOTAL

35,475

43,439

22.4%

 

Globally, the new Volvo XC60 was the best-selling model in January with 11,656 cars sold (2017: N/A), followed by the Volvo XC90 with 6,772 cars sold (6,509). The Volvo S90 was third with 6,057 sold cars (1,843). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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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
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