Volvo Cars reports double digit sales growth of 10.1 per cent in first eight months, August sales up 8.7 per cent

The new Volvo XC90

  • Growth in all main sales regions, year-to date sales of 331,070 cars
  • Strong demand for new XC90 main growth driver
  • Sales growth of 8.7 per cent in August, 15th consecutive month of growth

Volvo Cars continued its global sales momentum last month, posting a sales increase of 10.1 per cent for the first eight months of the year with growth in all main sales regions.

Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall. August sales were up 8.7 per cent compared to the same month in 2015.

The United States was Volvo’s fastest-growing key market over the year-to-date period, reporting retail sales of 52,917 cars, representing an increase of 29.5 per cent. The new Volvo XC90 continues to be the best-selling Volvo model in the US, followed by the XC60. Sales in the US were up 31.3 per cent in August.

Sales in China also continued to increase with year-to-date growth now close to 10 per cent after a strong August. Total retail sales for the first eight months amounted to 54,496 cars. The best-selling models are the locally-produced Volvo XC60 and S60L models.

Sales in Western Europe were up 7 per cent year-to-date with healthy demand in several key markets including Germany, the UK, Italy and France. The Volvo XC60 is the best-selling model in the region.

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

August

January – August

2015

2016

Change

2015

2016

Change

China

5 574

7 637

37,0%

49 698

54 496

9,7%

USA

5 870

7 707

31,3%

40 854

52 917

29,5%

Sweden

3 776

3 254

-13,8%

41 018

43 955

7,2%

Western Europe

9 091

7 780

-14,4%

118 182

126 432

7,0%

Other markets

5 884

6 448

9,6%

50 855

53 270

4,7%

TOTAL

30 195

32 826

8,7%

300 607

331 070

10,1%

Globally, the Volvo XC60 was the best-selling model in the first eight months of 2016 with 96,386 cars sold (2015: 100,594), followed by the Volvo V40/V40 Cross Country with 61,449 sold cars (64,999). The new XC90 was third with 58 491 cars sold (14,039). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.