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VOLVO CARS REPORTS 12.4 PER CENT SALES GROWTH IN MAY

Date: 04 Jun 2019 Author Type: Press Release
Author: Volvo South Africa
Source: Volvo South Africa
VOLVO CARS REPORTS 12.4 PER CENT SALES GROWTH IN MAY Volvo Cars posted strong sales in May, with volumes up 12.4 per cent compared with the same period last year.

The company sold 60,196 cars during the month, as China, Europe and the US all reported a growth in sales compared with the same period last year.

The double digit volume growth in May was led by the continued strong demand for Volvo’s award-winning SUV range led by the XC60, and followed by the XC40 and XC90. Volvo’s latest models, the V60 estate and the US-built S60 sedan, also contributed to the strong performance.

In the January to May period, Volvo sold a total of 278,051 cars – up 9.6 per cent, compared with the same period last year.

China reported a strong sales growth of 17.4 per cent in May compared with the same period last year. Total sales in the region reached 12,425 cars during the month. The growth came on the back of high demand for the locally assembled XC60 and S90 models.

European sales in May grew 16.9 per cent to 29,681 cars, led by strong demand for the XC60, followed by the XC40 and the V60 estate.

US sales reached 9,761 cars in May, up 4.5 per cent compared with the same period last year. XC90 was the best selling car in the region followed by the XC60.

A detailed break-up of regional sales is given below:
                  May                                              January-May
                  2018            2019          Change     2018            2019          Change
Europe       25,395          29,681       16.9%       131,267       144,164       9.8%
China         10,582          12,425       17.4%       49,792         54,503         9.5%
US             9,338            9,761         4.5%         37,754        40,186         6.4%
Other         8,224            8,329         1.3%        34,768         39,198        12.7%
Total          53,539          60,196       12.4%     253,581       278,051         9.6%


In May, the XC60 was the top selling model with sales reaching 17,510 cars (2018: 16,171), followed by the XC40, with total sales at 10,574 cars (2018: 5,413 units), and the Volvo XC90 at 8,621 cars (2018: 7,979 units).
 
iX Online Motoring