Volvo Cars’ global sales up 4.6% in July on strong demand for new XC90

Volvo Cars posted a 4.6 percent increase in retail sales for the month of July, selling 38,128 cars globally. Europe as well as the US market were key drivers of growth. Both regions reported significant increases based on sales of the new XC90 SUV and continued strong demand for Volvo’s ’60-series carlines.

Retail sales in Europe including Sweden grew 10.5 percent where Germany and Sweden represented the key growth drivers. The new XC90 is behind a large part of the incremental sales while also the other XC-carlines are strong in Sweden. Looking at Europe as a whole, the popularity for Volvo’s best-seller XC60 continues to grow.

China was Volvo Cars’ largest market in July with 5,832 sold cars. The decline in in China reflects the current overall market uncertainty and instability. The locally produced XC60 and S60L models are the most sold Volvo models in China.

Sales in the US market amounted to 5,617 retail sold cars representing a 14.7 percent increase versus the same month last year. Driving demand were sales of  the new XC90 as well as the V60 and XC60 models.

The XC90 is also available in India and was launched in May 2015 at a price of Rs 77.9 lakh (ex-showroom, Mumbai).

“The success for the new Volvo XC90 is now starting to show in our sales performance but I am also happy to see that our ’60-series continues to grow in demand globally,” said Alain Visser, senior vice-president (Marketing, Sales and Customer Service) at Volvo Cars. “With growing sales in the US market and XC90 volumes ramping up I am confident of continued strong sales in the second half of this year,” he said.

The XC60 was the best-selling model in July with 12,933 sold cars (2014: 10,803), followed by the V40 and V40 Cross Country for which deliveries reached a total of 7,098 cars (2014: 9,006). The S60 and S60L models were third best selling at 4,533 cars (2014: 5,612).