Volvo Car Group announces August retail sales: global sales up 3.2 per cent, strong growth in the US and Europe
Volvo Car Group announces August retail sales:
Volvo Cars’ global sales up 3.2 per cent, strong growth in the US and Europe
- Global retail sales of 30,195 cars in August
- United States up 18.3 per cent
- Strong demand for Volvo’s XC-carlines
Volvo Cars posted a 3.2 per cent increase in retail sales for the month of August, selling 30,195 cars globally. Europe and the US market were the growth drivers, boosted by continued high demand for Volvo’s new XC90 model as well as the company’s other XC-carlines.
Retail sales in Europe as a whole were up by 6.5 per cent to a total of 12,867 cars, led by Sweden where Volvo reported a 19.2 per cent increase. The V40 is the most sold Volvo model in Europe, followed by the Volvo XC60.
The United States reported 5,870 retail sales which represents a 18.3 per cent increase versus the same month last year. The growth was driven mainly by the new Volvo XC90 as well as the XC60 model, which was the best-selling Volvo model.
Sales in China reached 5,574 cars, where the locally produced Volvo XC60 and S60L continue to be the best selling models. The decline in China reflects the general slowdown in the Chinese economy which has affected the overall car market.
“I am pleased to see how our strengthened product offer led by the new XC90 is boosting the US market for Volvo Cars”, said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “Thanks to our strong presence in all three key regions, I expect continued global growth for this year”.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
| August | January – August | ||||||
| 2014 | 2015 | Change | 2014 | 2015 | Change | ||
| China | 6 190 | 5 574 | -10,0% | 51 823 | 49 698 | -4,1% | |
| USA | 4 961 | 5 870 | 18,3% | 39 189 | 40 854 | 4,2% | |
| Sweden | 3 167 | 3 776 | 19,2% | 37 778 | 41 018 | 8,6% | |
| Western Europe | 8 918 | 9 091 | 1,9% | 110 977 | 118 182 | 6,5% | |
| Other markets | 6 021 | 5 884 | -2,3% | 54 942 | 50 855 | -7,4% | |
| TOTAL | 29 257 | 30 195 | 3,2% | 294 709 | 300 607 | 2,0% |
The Volvo XC60 was the best-selling model in August with 9,595 sold cars (2014: 8,695), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 6,394 cars (2014: 6,212). The S60 models were the third best-selling carline at 4,567 cars (2014: 5,251). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
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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).