Volvo Car Group announces February retail sales: global sales up 15.2 per cent, growth in all regions

OREANDA-NEWS. Volvo Cars posted a 15.2 per cent increase in retail sales for the month of February, selling 34,551 cars globally. Sales of the new Volvo XC90 were the main growth driver in all regions, while the XC60 was the best-selling model globally. 

Sweden was the biggest market in February while retail sales in Europe as a whole were up by 21.0 per cent with growth across the region. The Volvo XC60 was the best-selling model while the new XC90 represented most of the growth for the month. 

The United States reported sales of 5,261 sold cars, up 31.1 per cent versus the same month last year. February was the eighth consecutive month of double digit growth for Volvo in the United States. Sales were boosted by strong demand for the new Volvo XC90 which also was the best-selling Volvo model in the US for the month. 

Volvo China reported retail sales of 4,866 cars, up 1.1 per cent. The best-selling cars were the locally produced Volvo XC60 and S60L models. 

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

 The Volvo XC60 was the best-selling model in February with 9,425 sold cars (2015: 10,381), followed by the new Volvo XC90 for which deliveries reached 6,055 cars (new). Volvo V40 and V40 Cross Country was the third best-selling model at 6,200 cars (6,413). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom. 

Volvo Car Group in 2015

For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 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), Chengdu and Daqing (China), while engines are manufactured in Sk?vde (Sweden) and Zhangjiakou (China) and body components in Olofstroem (Sweden).