Volvo Cars, the premium car maker, has reported a third consecutive year of record sales in 2016, increasing 6.2 percent compared to 2015 to 534,332 cars, underlining the breadth and depth of the company’s ongoing global transformation.
Volvo Car Group, the premium car maker, has reported third quarter operating profit of SEK2,067m compared to SEK1,276m in the same period last year and a year-on-year increase in revenue to SEK41,1bn from SEK36.1bn previously. The operating margin rose from 3.5 per cent in the third quarter of 2015 to 5 per cent in 2016.
Volvo Cars continued its global sales momentum last month, posting a sales increase of 10.1 per cent for the first eight months of the year with growth in all main sales regions.
Volvo Cars reported a solid double-digit sales increase for the first six months of the year, posting growth of 10.5 per cent to 256,563 cars compared to the same period in 2015. Sales of the new Volvo XC90 were the main growth driver globally.
The international Car Design Award jury has recognised Volvo Cars’ contributions to automotive design with the Swedish carmaker winning the coveted Brand Design Language Award 2016.
The XC90 is a premium seven-seat SUV designed to deliver a luxurious user experience, whilst retaining the ride height, space and practicality that typifies this segment.
Volvo Cars, the premium car maker, has announced a robust start to 2016 with operating profit for the first three months of the year increasing strongly to SEK 3.1bn and the operating profit margin reaching 7.5 per cent, as sales improved in Europe, Asia and the US.
Robin Page, Head of Interior Design at Volvo Car Group, has been chosen from a list of highly distinguished automotive designers to receive the Interior Designer of the Year Award. The judging panel also awarded the new Volvo XC90 with the title "Interior Design of the Year – Production Vehicle".