Volvo registers double-digit growth

Sales of Volvo cars rose more than 10 per cent in the first six months of 2016 with June marking the 13th consecutive month of growth.

The Swedish manufacturer has posted growth of 10.5 per cent up to June compared to the same period of 2015, with 256,563 cars sold.

Growth has been driven by sales of the new XC90, with Volvo reporting growth in all major sales regions. In Europe, sales rose by 10.3% to 138,851 cars as a result of strong performances in key markets such as Sweden, Germany, the UK and France.

The XC60 was the best-selling Volvo model in the region, while the new XC90 also saw strong demand.

In the UK, sales of 22,629 cars in the first six months of the year marked a seven per cent rise over the same period last year. The XC60 was the best-selling model in the UK in the first half of the year, followed by the V40 and the XC90.

Jon Wakefield, acting managing director of Volvo Car UK, said, ‘This impressive half-year result and sustained growth is a reflection of the continued hard work from everyone here at Volvo Car UK and our dealer network. It is also yet more proof of the desirability of our products. Volvo has ambitious plans – both in the UK and on a global scale – and the UK’s strong performance shows that we’re right to be confident about another record-breaking year for the company.’

Volvo’s resurgence in the United States also continued apace, as the company delivered close to 25 per cent more cars over the six-month period (36,654 cars), although China was Volvo’s largest single market in the first half of 2016 with 40,688 cars sold, an increase of 6.3 per cent year-on-year.