Volvo announces record sales month
Volvo Cars reports that November was its best sales month in its 88-year history.
Volvo posted a 26% increase in retail sales for the month of November, selling 49,055 cars globally, which represents a new all-time high result for a single month. In the medium term, Volvo is targeting annual sales of 800,000 cars globally following a complete renewal of its product line-up in the next four years.
The global success for the Volvo XC90 is paving the way for the all-new Volvo S90 premium saloon – 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 2 December.
For the month of November, the United States reported 6,903 retail sales, up 90.5% 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%.
Retail sales in Europe as a whole were up by 23.9% to a total of 26,646 cars. Sweden reported a market share of 24.3%, while the Netherlands and Germany were also 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.
Sales in China amounted to 8,045 cars in November, up 15.8% versus the same month last year. The locally produced Volvo XC60 and S60L are the best-selling Volvo models on the market.
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 cars sold (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 car line, with 6,792 cars.
