MAHWAH, NJ (November 3, 2020) Volvo Car USA posted its fifth consecutive month of year-over-year growth in October, achieving a 21.4 percent increase over October 2019. This result reflects 10,691 cars sold and marks the best October result for the brand since 2004.
The Swedish luxury car brand’s line-up of premium SUVs continued their strong performance, accounting for 87 percent of its sales in October. The XC40 and XC60 SUVs both achieved their best month ever with 2,504 and 3,571 cars sold, respectively.
This brings Volvo Car USA closer to its record-setting 2019 result, down now just 2.3 percent year-over-year with 84,295 cars sold year-to-date.
The Volvo Cars Americas region overall also achieved a strong result for the month of October, posting 18.7 percent growth year-over-year. Volvo Car Canada Ltd. reported sales of 1,005 cars for the month of October, a year-over-year increase of 25.5 percent. Year-to-date Volvo Cars has sold a total of 7,209 vehicles in Canada. Latin America also achieved growth posting a 1.2 percent increase in sales with 1,653 cars sold versus October 2019.
“We’re very proud of the continued strength of our brand among consumers,” said Anders Gustafsson, Senior Vice President, Volvo Cars Americas. “Not only have we been able to post growth in the US market, but our entire Americas region has seen success in October thanks to the continued resiliency of our employees and retail partners."
About Volvo Car USA
Volvo Car USA LLC, (www.volvocars.com/us) is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCUSA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States. For more information please refer to the VCUSA media website at: http://www.media.volvocars.com/us.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 705,452 cars in 2019 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.
In 2019, Volvo Cars employed on average approximately 41,500 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).
Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
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