Press Releases

Volvo Cars retail sales up 9.6 per cent in first nine months of 2016

 

  • Monthly and year-to-date sales growth in all main regions, total global sales of 379,329 cars
  • September represents 16th consecutive month of growth
  • September sales up 6 per cent to 48,259 cars, driven by strong 27.8 per cent growth in China
  • Strong demand for new XC90 main growth driver
  • UK sales of 34,861 so far this year, up 7.6 per cent on 2015's figures

 

Volvo Cars continued its global sales momentum in September and reported its 16th consecutive month of global growth on the back of increases in all main regions. Sales for the first nine months are up 9.6 per cent year-on-year to 379,329 cars, while September sales rose by 6 per cent to 48,259 cars.

 

Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall.

 

The United Kingdom recorded sales of 34,861 cars in the first nine months of the year, up 7.6 per cent over the same period last year. The XC60 has been the best-selling model in the UK so far this year, followed by the V40 and the XC90.

 

Jon Wakefield, Managing Director of Volvo Car UK, said: "This continued period of growth is excellent news for everyone associated with Volvo in the UK. With impressive sales of established models such as the XC60 and V40, combined with strong sales of the new XC90, we are well placed to make 2016 a record-breaking year for the company."

  

Sales in China continued to increase by double digits in the first nine months of the year, supported by a strong performance in September. Retail sales in the month amounted to 8,891 cars, an increase of 27.8 per cent, taking year-to-date sales growth to 11.9 per cent. The best-selling models were the locally-produced Volvo XC60 and S60L.

 

The United States also continued to grow, and the overall increase in the first nine months of the year now stands at 26.2 per cent. September sales were up 1.6 per cent to 5,615 cars. Demand in the US continues to be driven by the new Volvo XC90, followed by the XC60.

 

Sales in Western Europe are up 6.7 per cent year-to-date, with continued strong demand in several key markets. The Volvo XC60 is the best-selling model in the region. September sales were up 5.3 per cent.

 

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

 

September

 

January – September

               
 

2015

2016

Change

 

2015

2016

Change

               

China

6,957

8,891

27.8%

 

56,655

63,387

11.9%

               

USA

5,527

5,615

1.6%

 

46,381

58,532

26.2%

               

Sweden

5,732

5,426

-5.3%

 

46,750

49,381

5.6%

               

Western Europe

(of which UK sold)

19,671

(7,388)

20,714

(7,827)

5.3%

(5.9%)

 

137,853

(32,391)

147,146

(34,861)

6.7%

(7.6%)

               

Other markets

7,652

7,613

-0.5%

 

58,507

60,883

4.1%

               

TOTAL

45,539

48,259

6.0%

 

346,146

379,329

9.6%

               

 

Globally, the Volvo XC60 was the best-selling model in the first nine months of 2016, with 111,937 cars sold (2015: 115,720), followed by the Volvo V40/V40 Cross Country, with 71,790 sold cars (75,497). The new XC90 was third, with 66,347 cars sold (18,222). 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). For the full year 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).

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