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Volvo Cars reports best sales month in its 88-year history and 26.0 per cent growth

Volvo Car Group announces November retail sales

 

 

  • Record sales for a single month – 49,055 cars in November                                          
  • Strong sales increases in all regions globally
  • All-new Volvo S90 premium saloon soon to be unveiled

 

Volvo Cars posted a 26.0 per cent increase in retail sales for the month of November, selling 49,055 cars globally, which represents a new all-time high result for a single month. In the medium term, Volvo Cars is targeting annual sales of 800,000 cars globally following a complete renewal of its product line-up in the next four years.

 

The global success for the Volvo XC90 is paving the way for the all-new Volvo S90 premium saloon – the second car to be based on Volvo’s in-house-developed SPA (Scalable Product Architecture) technology. The Volvo S90 will be unveiled at an event in Gothenburg on December 2nd.

 

For the month of November, the United States reported 6,903 retail sales, up 90.5 per cent versus the same month last year. Sales were boosted by strong demand for the XC90 and XC60 models, which were the best-selling Volvos in the US for the month. Year-to-date sales in the US market are now up 18.0 per cent.

 

Retail sales in Europe as a whole were up by 23.9 per cent to a total of 26,646 cars. Sweden reported a market share of 24.3 per cent, while the Netherlands and Germany were also growth drivers in Europe with substantial sales increases. The V40 and XC60 were the best-selling Volvo models in Europe, while growth was driven mainly by the XC90 model.

The new Volvo XC90

Sales in China amounted to 8,045 cars in November, up 15.8 per cent versus the same month last year. The locally produced Volvo XC60 and S60L are the best-selling Volvo models on the market.

 

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

 

November

 

January – November

               
 

2014

2015

Change

 

2014

2015

Change

               

China

6 946

8 045

15.8%

 

73 071

71 766

-1.8%

               

USA

3 623

6 903

90.5%

 

51 451

60 706

18.0%

               

Sweden

5 718

8 164

42.8%

 

55 092

62 119

12.8%

               

Western Europe

15 783

18 482

17.1%

 

163 283

173 598

6.3%

               

Other markets

6 871

7 461

8.6%

 

75 924

72 813

-4.1%

               

TOTAL

38 941

49 055

26.0%

 

418 821

441 002

5.3%

 

The Volvo XC60 was the best-selling model in November, with 13,988 cars sold (2014: 12,360), followed by the V40 and V40 Cross Country models, for which deliveries reached a total of 9,656 cars (9,591). The new Volvo XC90 was the third best-selling car line, with 6,792 cars. 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).

Keywords:
Sales Volumes, Overview
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