Volvo Cars’ global sales up 12.6 percent; posts strong growth in US

Volvo Cars posted a 12.6 percent increase in retail sales for the month of October, selling 45,801 cars globally. Sales of the new Volvo XC90 in the US market were a major growth driver for the month, while Europe reported continued sales increases as well.

The United States reported retail sales of 7,422 units, making it Volvo Cars’ biggest market in October. 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. The Year-to-date sales in the US market are now up 12.5 percent.

Retail sales in Europe as a whole were up by 5.2 percent to a total of 24,468 cars. The carmaker’s home market Sweden was the growth driver in Europe with a 9 percent sales increase and close to 22 percent share of the Swedish market. Germany reported positive developments as well, being the second biggest market for the new Volvo XC90 in October.

Meanwhile, sales in China amounted to 7,066 cars in October, up 2 percent versus the same month last year. The locally produced Volvo XC60 and S60L models were the best-selling Volvo models on the market.

Also read:

- Volvo Cars’ global sales up 4.6% in July

- Volvo Cars sells 39,919 cars worldwide in May