GOTHENBURG: Volvo Cars posted a 26.0 per cent increase in retail sales for November, selling 49,055 cars globally, which represents a new all-time high result for a single month in its 88-year history.
Volvo Cars is targeting annual sales of 800,000 cars globally in the medium term, following a complete renewal of its product line-up in the next four years.
The global success for the XC90 is paving the way for the all-new Volvo S90 premium saloon – the second car to be based on Volvo’s in-house-developed SPA (Scalable Product Architecture) technology. The Volvo S90 will be unveiled at an event in Gothenburg later today.
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For the month of November, sales in China amounted to 8,045 cars, up 15.8 per cent versus the same month last year. The locally produced Volvo XC60 and S60L are the best-selling Volvo models on the market.
Retail sales in Europe as a whole were up by 23.9 per cent to a total of 26,646 cars. Sweden reported a market share of 24.3 per cent, while the Netherlands and Germany were also growth drivers in Europe with substantial sales increases. The V40 and XC60 were the best-selling Volvo models in Europe, while growth was driven mainly by the XC90 model.
The United States reported 6,903 retail sales, up 90.5 per cent versus the same month last year. Sales were boosted by strong demand for the XC90 and XC60 models, which were the best-selling Volvos in the US for the month. Year-to-date sales in the US market are now up 18.0 per cent.
The XC60 was the best-selling model in November, with 13,988 cars sold (2014: 12,360), followed by the V40 and V40 Cross Country models, for which deliveries reached a total of 9,656 cars (9,591). The XC90 was the third best-selling car line, with 6,792 cars.
