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VOLVO CARS REPORTS 9.4 PER CENT GROWTH IN THE FIRST QUARTER OF 2019

Date: 13 May 2019 Author Type: Press Release
Author: Volvo South Africa
Source: Volvo South Africa
Volvo Cars’ sales momentum continued in the first three months of 2019, after the company reported a 9.4 per cent growth in global sales for the January-March quarter, compared with the same period last year.

Total sales in the first quarter reached 161,320 cars, with all the key regions of China, US and Europe reporting volume growth.

The first quarter sales increase was on the back of continued strong demand for Volvo’s award winning SUV range led by the XC60, and followed by the XC40 and XC90. The company’s most recent models, the V60 estate and the US-built S60 sedan, also contributed to the increased volumes.

In March, Volvo sold a total of 67,457 cars – up 7 per cent compared with the same month last year.

The company’s European sales for the first three months amounted to 86,520 cars, up 8.8 per cent compared with the same period last year. The growth follows strong demand for the XC40 and XC60 SUVs and the V60 estate. In March total sales reached 37,325, up 3.9 per cent compared with March 2018.

Volvo’s sales in China during the first quarter reached 29,886 cars, up 3.9 per cent compared with the same period last year. The growth was driven by demand for the locally built XC60 and S90 models. In March the company sold 11,413 cars, up 6.7 per cent compared with the same period last year.

US sales for the company in January-March reached 22,058 cars, up 9.8 per cent compared with the same period last year. The growth was led by the XC90 and XC60 SUVs. In March total sales reached 9,569 cars, up 16.2 per cent compared with the same month last year.

In March, the XC60 was the top selling model with sales reaching 18,036 cars (2018: 16,277), followed by the XC40, with total sales at 12,614 cars (2018: 4,261 units), and the Volvo XC90 at 9,801 cars (2018: 9,583 units).
 
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