Volvo Cars’ positive momentum continued in April as the premium car maker reported a global year-on-year sales increase of 12.2 for the month, growing in all its main markets. Total sales for the month reached 52,635 cars compared to 46,895 a year earlier.
Sales of the new XC40, recently crowned Car of the Year in Europe, as well as the 90-series cars were the main growth drivers in April. In the first four months of 2018, sales amounted to 200,042 cars, up 13.6 per cent compared to the same period last year.
In China, Volvo Cars’ largest market, sales increased by 20.2 per cent following strong customer demand for the locally produced XC60 SUV and S90 sedan. Total sales for the month reached 10,442 cars, up from 8,687 cars a year ago.
Sales in Europe reached 26,360 cars in April, increasing by 3.1 per cent compared with last year on the back of good performance for the XC40, XC60 and 90-series cars.
The US market continued doing well in April, growing by 17.0 per cent compared with the same month last year to 8,333 cars after strong sales of Volvo’s SUV line-up.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
|
|
April |
January – April |
||||
|
|
2017 |
2018 |
Change |
2017 |
2018 |
Change |
|
Europe |
25,566 |
26,360 |
3.1% |
100,811 |
105,872 |
5.0% |
|
China |
8,687 |
10,442 |
20.2% |
32,022 |
39,210 |
22.4% |
|
US |
7,121 |
8,333 |
17.0% |
20,597 |
28,416 |
38.0% |
|
Other |
5,521 |
7,500 |
35.8% |
22,613 |
26,544 |
17.4% |
|
TOTAL |
46,895 |
52,635 |
12.2% |
176,043 |
200,042 |
13.6% |
Globally, the new Volvo XC60 was the best-selling model in April with 14,840 cars sold (2017: N/A), followed by the Volvo XC90 with 7,241 cars sold (6,397). The Volvo V40/V40 Cross Country was third with 6,519 sold cars (7,577). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
-------------------------------
Volvo Car Group in 2017
For the 2017 financial year, Volvo Car Group recorded an operating profit of 14,061 MSEK (11,014 MSEK in 2016). Revenue over the period amounted to 210,912 MSEK (180,902 MSEK). For the full year 2017, global sales reached a record 571,577 cars, an increase of 7.0 per cent versus 2016. The results underline the comprehensive transformation of Volvo Cars’ finances and operations in recent years, positioning the company for its next growth phase.
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 571,577 cars in 2017 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.
In 2017, Volvo Cars employed on average approximately 38,000 (30,400) full-time employees. 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).
