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Volvo Car Group announces April retail sales: global sales growth of 11.3 per cent

Volvo Car Group announces April retail sales: global sales growth of 11.3 per cent

 

  • Global sales of 42,434 cars, up 11.3 per cent
  • Strong growth in the US – new XC90 best-selling model
  • 11 months of consecutive sales growth

 

Volvo Cars continued to grow sales globally in April and posted an 11.3 per cent increase in retail sales for the month, selling 42,434 cars. Sales of the new Volvo XC90 were the main growth driver globally, while the consistently popular XC60 was the best-selling model overall. Global growth for the first four months was 11.8 per cent.

 

The United States reported a sales increase of 33.1 per cent versus the same month last year. Retail sales amounted to 6,169 cars. The new Volvo XC90 was the key growth driver and the best-selling Volvo model in the US.

 

Sales in Europe as a whole were up by 12.3 per cent, with solid growth across the region. Sweden was Volvo Cars’ biggest market for the month, with 6,635 sold cars, up 10.3 per cent versus April last year. Other strong-performing markets included Germany, France, the UK and the Netherlands. The Volvo XC60 was the best-selling model in Europe, while the new XC90 represented most of the growth for the month.

Volvo XC90 R-Design - model year 2016

China was Volvo’s second-biggest market in April, reporting retail sales of 6,280 cars. The best-selling cars were the locally produced Volvo XC60 and S60L models.

 

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

 

 

April

 

January – April

               
 

2015

2016

Change

 

2015

2016

Change

               

China

6,732

6,280

-6.7%

 

24,043

25,916

7.8%

               

USA

4,636

6,169

33.1%

 

18,359

22,530

22.7%

               

Sweden

6,017

6,635

10.3%

 

20,110

22,682

12.8%

               

Western Europe

14,937

16,900

13.1%

 

58,459

66,205

13.3%

               

Other markets

5,802

6,450

11.2%

 

24,874

25,692

3.3%

               

TOTAL

38,124

42,434

11.3%

 

145,845

163,025

11.8%

 

The Volvo XC60 was the best-selling model in April, with 11,937 sold cars (2015: 13,187), followed by the Volvo XC90, at 8,102 cars (new). The Volvo V40/V40 Cross Country was the third best-selling model line, with 7,365 sold cars (8,050). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

-ends-

 

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Volvo Car Group in 2015

For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). In 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. 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 503,127 in 2015 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 2015, Volvo Cars had almost 29,000 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, Overview
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