Press Releases

Volvo Cars reports global sales growth of 9.3 per cent in July

 

  • Global sales of 41,681 cars, up 9.3 per cent

  • Continued strong performance in the US market

  • 14 months of consecutive sales growth

 

Volvo Cars continued to gain momentum globally in July and posted a 9.3 per cent increase in retail sales for the month, selling 41,681 cars. Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall. Global growth for the first seven months was 10.3 per cent.

 

The United States was Volvo’s biggest market in July, reporting a sales increase of 52.3 per cent versus the same month last year. Retail sales amounted to 8,556 cars. The new Volvo XC90 was the best-selling Volvo model in the US, with the XC60 in second place.

 

Sales of Volvo cars in China amounted to 6,171 cars in July, up 5.8 per cent versus the same month last year. The best-selling cars were the locally produced Volvo XC60 and S60L models.

The new Volvo XC90

Sales in Europe as a whole amounted to 20,502 cars, up 0.1 per cent. The Volvo XC60 was the best-selling model in Europe, while the new XC90 represented most of the growth for the month.

 

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

 

 

July

 

January – July

               
 

2015

2016

Change

 

2015

2016

Change

               

China

5,832

6,171

5.8%

 

44,124

46,859

6.2%

               

USA

5,617

8,556

52.3%

 

34,984

45,210

29.2%

               

Sweden

4,782

4,246

-11.2%

 

37,242

40,701

9.3%

               

Western Europe

15,693

16,256

3.6%

 

109,091

118,652

8.8%

               

Other markets

6,204

6,452

4.0%

 

44,971

46,822

4.1%

               

TOTAL

38,128

41,681

9.3%

 

270,412

298,244

10.3%

 

The Volvo XC60 was the best-selling model in July, with 12,623 sold cars (2015: 12,933), followed by the Volvo XC90, with 7,899 sold cars (4,533). The Volvo V40/V40 Cross Country was the third best-selling model, at 7,835 cars (7,098). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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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