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Volvo Car Group announces June retail sales: strong growth in Europe, first XC90 cars delivered to Chinese customers

Volvo Car Group announces June retail sales

Volvo Cars reports strong growth in Europe, first XC90 cars delivered to Chinese customers

 

  • Global retail sales up 7.9 per cent in June
  • European growth 18.7 per cent on strong XC60 sales
  • Volvo XC90 reaches first customers in China

 

Volvo Cars posted a 7.9 per cent increase in retail sales for the month of June, selling 46,520 cars globally. Europe was the growth driver with an 18.7 per cent increase, including Sweden. The all-new Volvo XC90 is a global success story with 45,000 orders already in the books, while the first cars reached customers in China this month.

 

Retail sales in Europe including Sweden grew on continued strong demand for the Volvo XC60 and several markets reported significant sales increases, with France, Belgium and Spain in the lead. Volvo Cars also strengthened its leadership on the Swedish market with more than 20 per cent market share in June.

 

The US market reported flat sales versus the same month last year with the XC60 being the best-selling Volvo model. China was Volvo Cars largest market in June where the first XC90 cars now have been delivered to customers. The locally produced XC60 and S60L models are the most sold Volvo models in China.

The new Volvo XC90

“Our strong performance in Europe is another sign of an attractive product offer with the Volvo XC60 as the growth driver”, said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “I am also pleased that our XC90 customers are now starting to have their cars delivered. With volumes ramping up, we anticipate continued growth in the second half of this year”.

 

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

 

June

 

January – June

               
 

2014

2015

Change

 

2014

2015

Change

               

China

7 604

7 282

-4,2%

 

38 751

38 292

-1,2%

               

USA

5 984

5 985

0,0%

 

29 331

29 367

0,1%

               

Sweden

5 624

6 371

13,3%

 

30 511

32 460

6,4%

               

Western Europe

15 762

19 004

20,6%

 

87 630

93 398

6,6%

               

Other markets

8 158

7 878

-3,4%

 

42 790

38 767

-9,4%

               

TOTAL

43 132

46 520

7,9%

 

229 013

232 284

1,4%

 

The Volvo XC60 was the best-selling model in June with 14,987 sold cars (2014: 12,098), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 9,631 cars (2014: 10,301). The S60 and S60L models were third best selling at 5,714 cars (2014: 6,649). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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Volvo Car Group in 2014

For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. 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 465,866 in 2014 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 2014, Volvo Cars had over 26,000 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) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

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