Volvo Cars announces new yearly sales record of 582,096 cars within the first 11 months of 2018
Volvo Cars is keeping its sales momentum going strong in 2018 by announcing it has delivered 582,096 cars for the January to November period. This is a 13.5% increase from the 513,055 cars that it managed to sell in the same period last year.
The encouraging figure also means that the Swedish carmaker has managed to beat 2017’s full year sales record of 571,577 cars, with just one more month left in 2018. Looking at the individual month of November 2018, Volvo sold 56,034 cars, which is a 8.3% hike from the same month last year.
Volvo’s SUV line-up was an important aspect of the results, with growth across all main regions driven in particular by the XC60 and XC40. Meanwhile, the S60 sedan has begun reaching dealerships, plus the V60 and V60 Cross Country also helped boost volumes.
Looking at key markets, sales in the United States climbed 24.5% to 89,437 cars during the January-November period, and 8,181 cars were delivered in November. In China, retail sales hit 118,725 cars in the first 11 months of 2018, which overshadows the 104,344 cars sold in the same period last year by 13.8% – 11,450 cars sold in November.
Finally, Europe also saw encouraging response, with 288,369 units delivered in the January-November period (+7.3%), helped by strong demand for the 90 Series (XC90, S90, V90, V90 Cross Country) models and the XC60. In November, 27,797 cars were sold in the region.
via Paul Tan’s Automotive News https://paultan.org
December 6, 2018 at 12:41PM