Volvo Car Group announces May retail sales: global retail sales of 39,919 cars
Volvo Car Group announces May retail sales
Volvo Cars reports global retail sales of 39,919 cars
Volvo Cars reports a May retail sales result of 39,919 cars with continued growth in Western Europe and the first new XC90 cars starting to reach customers. More than 36,000 pre-orders have been placed for the Volvo XC90 so far.
Western European sales grew by 8.6 per cent, mainly driven by Southern European markets and strong demand for the Volvo V40 and XC60 models. Spain and Italy were up by 54.7 and 13.7 per cent, respectively. Sweden retains its strong market share at close to 20 per cent with the Volvo XC60 and XC70 models as best-selling models.
Volvo Cars’ largest market is China where retail sales amounted to 6,967 units in May with sales for the locally produced Volvo S60L and XC60 models up 11.5 and 12.6 per cent, respectively. Sales in the US market were flat with 5,023 retail deliveries with the XC60 and S60 models the top sellers.
“I am very pleased to see the positive reception from customers and media for our new products which are reaching showrooms now,” said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “The all-new Volvo XC90 is on its way to customers and the new Volvo V60 Cross Country will strengthen our offer in the XC-line even further”.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
| May | January – May | ||||||
| 2014 | 2015 | Change | 2014 | 2015 | Change | ||
| China | 7 126 | 6 967 | -2,2% | 31 147 | 31 010 | -0,4% | |
| USA | 5 014 | 5 023 | 0,2% | 23 347 | 23 382 | 0,1% | |
| Sweden | 6 228 | 5 979 | -4,0% | 24 887 | 26 089 | 4,8% | |
| Western Europe | 14 671 | 15 935 | 8,6% | 71 868 | 74 394 | 3,5% | |
| Other markets | 7 410 | 6 015 | -18,8% | 34 632 | 30 889 | -10,8% | |
| TOTAL | 40 449 | 39 919 | -1,3% | 185 881 | 185 764 | -0,1% |
The Volvo XC60 was the best-selling model in May with 13,183 sold cars (2014: 11,823), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 8,838 cars (2014: 9,025). The S60 and S60L models were third best selling at 5,614 cars (2014: 6,010). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
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Volvo Car Group in 2014
For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. 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 465,866 in 2014 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 2014, Volvo Cars had over 26,000 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) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).