Volvo Cars posted a 4.6 per cent increase in retail sales for the month of July, selling 38,128 cars globally. Europe as well as the US market were key drivers of growth. Both regions reported significant increases based on sales of the new Volvo XC90 and continued strong demand for Volvo’s ’60-series carlines.
Retail sales in Europe including Sweden grew 10.5 per cent where Germany and Sweden represented the key growth drivers. The new Volvo XC90 is behind a large part of the incremental sales while also the other XC-carlines are strong in Sweden. Looking at Europe as a whole, the popularity for Volvo’s best-seller XC60 continues to grow.
China was Volvo Cars’ largest market in July with 5,832 sold cars. The decline in in China reflects the current overall market uncertainty and instability. The locally produced XC60 and S60L models are the most sold Volvo models in China.
Sales in the US market amounted to 5,617 retail sold cars representing a 14.7 per cent increase versus the same month last year. The success for the new Volvo XC90 as well as demand for the Volvo V60 and XC60 models were the main factors behind the incremental sales.
“The success for the new Volvo XC90 is now starting to show in our sales performance but I am also happy to see that our ’60-series continues to grow in demand globally”, said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “With growing sales in the US market and XC90 volumes ramping up I am confident of continued strong sales in the second half of this year”.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows: