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|
|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.