Volvo announces record sales month

Volvo Cars reports that November was its best sales month in its 88-year history.

Volvo posted a 26% increase in retail sales for the month of November, selling 49,055 cars globally, which represents a new all-time high result for a single month. In the medium term, Volvo is targeting annual sales of 800,000 cars globally following a complete renewal of its product line-up in the next four years.

The global success for the Volvo XC90 is paving the way for the all-new Volvo S90 premium saloon – the second car to be based on Volvo’s in-house-developed SPA (Scalable Product Architecture) technology. The Volvo S90 will be unveiled at an event in Gothenburg on 2 December.

For the month of November, the United States reported 6,903 retail sales, up 90.5% versus the same month last year. Sales were boosted by strong demand for the XC90 and XC60 models, which were the best-selling Volvos in the US for the month. Year-to-date sales in the US market are now up 18%.

Retail sales in Europe as a whole were up by 23.9% to a total of 26,646 cars. Sweden reported a market share of 24.3%, while the Netherlands and Germany were also growth drivers in Europe with substantial sales increases. The V40 and XC60 were the best-selling Volvo models in Europe, while growth was driven mainly by the XC90 model.

Sales in China amounted to 8,045 cars in November, up 15.8% versus the same month last year. The locally produced Volvo XC60 and S60L are the best-selling Volvo models on the market.

Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:

  November   January – November
               
  2014 2015 Change   2014 2015 Change
               
China 6 946 8 045 15.8%   73 071 71 766 -1.8%
               
USA 3 623 6 903 90.5%   51 451 60 706 18.0%
               
Sweden 5 718 8 164 42.8%   55 092 62 119 12.8%
               
Western Europe 15 783 18 482 17.1%   163 283 173 598 6.3%
               
Other markets 6 871 7 461 8.6%   75 924 72 813 -4.1%
               
TOTAL 38 941 49 055 26.0%   418 821 441 002 5.3%

 

The Volvo XC60 was the best-selling model in November, with 13,988 cars sold (2014: 12,360), followed by the V40 and V40 Cross Country models, for which deliveries reached a total of 9,656 cars (9,591). The new Volvo XC90 was the third best-selling car line, with 6,792 cars.