Volvo Cars CEO Hakan Samuelsson said the company is interested in having a model bigger than the XC90 and a smaller one than the XC40.
“We are not excluding the idea of additions, especially in very core segments like the SUV. I think we are looking into this possibility now. You should not exclude the idea that there might be a bigger one, but maybe also a smaller one. We will surprise you about that in the future,” he told Auto Express of Britain.
With the SUV/crossover trend still going strong globally, a model below the XC40 would make sense in the narrow streets of European cities and the biggest Volvo ever could be pitched at customers in China, where the thinking is bigger is better.
The XC90.
With the XC90 able to stuff 7 people inside, a bigger XC model would find traction among affluent Chinese.
Volvo Cars, owned by Chinese car maker Geely, is still doing well amid the political and economic uncertainties.
It reported last week a record revenue for the first six months of 2019 of SEK130.1 billion (RM5.6bil), up from SEK122.9 billion (RM5.4bil) year-on-year and buoyed by the best first half-year sales performance in the company’s history.
For the first six months, sales amounted to a record 340,286 cars, a year-on-year increase of 7.3 per cent. During the period, Volvo Cars grew consistently faster than the overall market.
The company has gained market share across the US, China and Europe, with the UK and Germany recording growth of 30 per cent and 32 per cent respectively.
For the remainder of the year, Volvo Cars expects continued growth in sales and revenue, boosted by continued strong demand for the fully renewed product portfolio as well as increased production capacity.
The XC40.
