Volvo Cars reported a solid double-digit sales increase for the first half of 2016

News Hour:

Volvo Cars reported a solid double-digit sales increase for the first six months of the year, posting growth of 10.5 per cent to 256,563 cars compared to the same period in 2015. Sales of the new Volvo XC90 were the main growth driver globally.

Volvo reported growth in all major sales regions in the first half of 2016. In Europe, sales rose by 10.3 percent to 138,851 cars as a result of strong performances in key markets such as Sweden, Germany, the UK and France. The XC60 was the best-sold Volvo model in the region, while the new XC90 also saw strong demand.

Volvo’s resurgence in the United States also continued apace, as the company delivered close to 25 per cent more cars over the six-month period. As total sales for the period rose to 36,654 cars, demand for the new XC90 was the key growth driver and the SUV was the best-selling Volvo model in the US.

Locally produced Volvo S60L sedan is one of the top selling Volvo cars in China

Locally produced Volvo S60L sedan is one of the top selling Volvo cars in China

China was Volvo’s largest single market in the first half with 40,688 cars sold, an increase of 6.3 per cent year-on-year, driven by growing demand for the new XC90 as well as the locally produced XC60 and S60L sedan.

In June, Volvo retail sales increased by 10.6 per cent overall compared to the same month in 2015 to a total of 51,431 cars. As such, it was the 13th consecutive month of global retail sales growth for Volvo. The US was the largest single market for the month, with 8,588 cars sold (+43.5 per cent), followed by China, Sweden, the UK and Germany.

Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:

June

January – June

2015

2016

Change

2015

2016

Change

China

7 282

7 727

6,1%

38 292

40 688

6,3%

USA

5 985

8 588

43,5%

29 367

36 654

24,8%

Sweden

6 371

7 228

13,5%

32 460

36 455

12,3%

West. Europe

19 004

20 098

5,8%

93 398

102 396

9,6%

Other markets

7 878

7 744

-1,7%

38 767

40 324

4,0%

TOTAL

46 520

51 431

10,6%

232 284

256 563

10,5%

Globally, the Volvo XC60 was the best-selling model in the first half of 2016 with 73,817 cars sold (H1 2015: 78,066), followed by the Volvo V40/V40 Cross Country with 48,670 sold cars (51,507). The new XC90 was third with 43,911 cars sold (6,719). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

Mehrab Masayeed Habib

Mehrab Masayeed Habib studied Electrical and Electronics Engineering (EEE) at American International University Bangladesh (AIUB). Currently, he is working for News Hour. He is passionate about automobiles. He is also the founder & trainer of Bangla Automobile School. He conducts workshops on automobile engineering at local level.
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