10:30 PM | July 26 2020
Volvo sales return to growth in Australia, China and US
Volvo Cars’ swift response to the coronavirus pandemic has contributed to positive sales trends in several markets, including Australia.
Volvo Cars has returned to sales growth in several markets, including Australia, as other positive trends pointed to signs of recovery in a challenging year.
With 61,483 Volvos sold globally in June, sales were down just 2.1 per cent compared with the same month last year – with the Australian market impressing with 40 per cent growth, China increasing by 14.1 per cent and the US improving by 4.5 per cent.
The Volvo XC40 was Australia’s best-selling luxury compact SUV in June thanks to a 77.5 per cent increase in sales compared with June 2019. Another award-winning Volvo SUV, the XC60, registered local growth of nearly 20 per cent compared with June 2019.
Global sales of the XC40 reached 68,359 for the first six months of 2020 – improving upon the figure of 61,864 units for the same period last year. The XC60 continues to be the Swedish brand’s most popular vehicle across international markets.
Volvo Cars took swift actions to mitigate the impact of the coronavirus pandemic, allowing it to keep production plants open and limit the number of non-production days at our Swedish Torslanda plant to 15, well below the industry average. It means the company is now well placed to cater to the rapid recovery in demand.
Online initiatives in some markets, such as the quick launch of the Volvo Cars Stay Home Store in Europe, also contributed to the rebound.
The XC40, XC60 and XC90 SUVs accounted for more than 70 per cent of the company’s total sales in June, up from 60 per cent in the same month last year.
The share of Volvo Cars’ Recharge line-up of chargeable Volvo models more than doubled in the first six months of 2020, compared with the same period last year. Recharge is the overarching brand name for all chargeable Volvo models with a fully electric or plug-in hybrid powertrain.
The XC40 Recharge Plug-In Hybrid is the latest chargeable Volvo to go on sale in Australia. You can read more details about this electrified variant elsewhere in this edition of I Roll.