Volvo SUV lineup
10:30 PM | August 24 2020

Volvo Cars reports strong global and local sales growth in July

Australia was one of Volvo Cars’ best-performing markets as the company registered strong sales last month.
Volvo Cars posted strong sales in July, with volumes up 23.1 per cent in Australia and 14.2 per cent globally compared with the same period last year.
 
The company sold 62,291 cars during the month, as Australia joined Europe, the US and China in reporting year-on-year sales growth. 
 
It continues a positive trend as markets lifted restrictions put in place to curb the Covid-19 pandemic.
 
July’s double-digit volume growth was driven by continued strong demand for Volvo Cars’ award-winning SUV range, which comprises the XC90, XC60 and XC40 models. The S60 sedan and V60 wagon also contributed to the strong sales performance, including Australia.
 
Comparing July 2020 with July 2019, Volvo Cars’ sales in Europe grew 12.5 per cent, US sales increased 10.3 per cent, and China sales climbed 14 per cent.
 
Volvo Car Australia increased its market share in July compared with the same month last year. The company is also within 324 units of matching 2019’s year-to-date sales, covering the January to July period.
Volvo S60
Above: The Volvo S60 luxury sports sedan contributed to the company’s strong July.
 
The XC60 mid-sized luxury SUV was the best-selling Volvo in Australia last month, closely followed by the XC40 compact luxury SUV. The XC40 is the company’s most popular vehicle so far overall in 2020.
 
For August, the XC40 range has been bolstered by the arrival of the new Recharge Plug-In Hybrid variant. 
 
Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, continued to be popular among customers globally. The share of Recharge models more than doubled in the first seven months, compared with the same period last year.
 
According to recent IHS data, Volvo Cars was the leading electrified premium brand in Europe during the first half of 2020, with Recharge cars making up almost a quarter of total deliveries in the region.
 
In the first seven months, Volvo Cars sold 332,253 cars worldwide – down 16 per cent compared with the same period last year as the industry continues a recovery from the global pandemic.
 
In July, the XC40 compact SUV was the top-selling model for the company, followed by the XC60 mid-size SUV and the XC90 large SUV. During the month, SUVs accounted for 72.8 per cent of the company’s total sales, up from 63.4 per cent in the same month last year.
 
July’s results confirm a positive sales trend in several markets, including Australia, with Volvo Cars’ swift actions mitigating the impact of the coronavirus pandemic and ensuring the company is well positioned to respond to a return to normal customer demand. 
 

 

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