OREANDA-NEWS. Volvo Cars posted a 9.4 per cent increase in retail sales for the month of January, selling 33,761 cars globally. Sales of the all-new Volvo XC90 were the main growth driver in all regions.

China was Volvo’s biggest market in January with sales amounting to 7,228 cars in January, up 22.9 per cent versus the same month last year. This follows a strong end of 2015 during which Volvo reported more than 15 per cent increases for November and December in China. The incremental sales in January came from the new Volvo XC90 as well as the locally produced Volvo XC60 and S60L models.

The United States reported 4,243 retail sales, up 11.8 per cent versus the same month last year. Sales were boosted by strong sales of the new Volvo XC90 which was also the best-selling Volvo model in the US for the month.

Retail sales in Europe as a whole were up by 6.6 per cent to a total of 16,951 cars. Several key markets including Sweden, Belgium and Germany reported increasing sales and the Volvo XC60 was the best-selling model while the new XC90 represented most of the growth for the month.

For the full year 2015, Volvo Cars reported a record retail sales of 503,127 cars, up 8.0 per cent versus 2014.

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

 

 

January retail sales
       
 

2015

2016

Change
       

China

5 879

7 228

22,9%
       

USA

3 795

4 243

11,8%
       

Sweden

3 628

3 941

8,6%
       

Western Europe

12 277

13 010

6,0%
       

Other markets

5 275

5 339

1,2%
       

TOTAL

30 854

33 761

9,4%

 

The Volvo XC60 was the best-selling model in January with 10,214 sold cars (2015: 10,403), followed by the new Volvo XC90 for which deliveries reached 6,219 cars (new). Volvo V40 and V40 Cross Country was the third best-selling model at 6,165 cars (6,990). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

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Volvo Car Group in 2014/15

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 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.

About Volvo Car Group

Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 503,127 in 2015 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

As of December 2015, Volvo Cars had almost 29,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Sk?vde (Sweden) and Zhangjiakou (China) and body components in Olofstr?m (Sweden).