Volvo Cars reports best sales month in its 88-year history and 26.0 per cent growth
The global success for the Volvo XC90 is paving the way for the all-new Volvo S90 premium sedan – 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 December 2nd.
For the month of November, the United States reported 6,903 retail sales, up 90.5 per cent 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 18.0 per cent.
Retail sales in Europe as a whole were up by 23.9 per cent to a total of 26,646 cars. Sweden reported a market share of 24.3 per cent while also the Netherlands and Germany were 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.
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 sold cars (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 carline with 6,792 cars. Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
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