Volvo Cars posts 10.1% growth in first eight months of 2016

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

Sales of the new XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall. August sales were up 8.7 percent 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 percent. The new XC90 continues to be the best-selling Volvo model in the US, followed by the XC60. Sales in the US were up 31.3 percent in August.

Sales in China also continued to increase with year-to-date growth now close to 10 percent 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 percent 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.

Globally, the 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).

Also read: Volvo Cars sales in July