Volvo Cars logs 13% sales gain in May to 40,449 units

Article by Andrew Christian, on June 4, 2014

Volvo Cars posted a 13-percent year-on-year surge in car sales in May to 40,449 units, boosted by record deliveries in China. The carmaker has now grown for 11 consecutive months. Volvo grew 61 percent in China and 34 percent at home in Sweden – which were more than enough to offset a 21-percent drop in the United States.

In the first five months of 2014, the carmaker saw its global sales jump 11 percent to 185,881 cars. In the same period, Volvo posted a 35.2-percent jump in sales in China, in line with its goal of selling at least 80,000 cars in the country this year.

Volvo said in a statement that its sales figures in May were boosted by a 22-percent climb in demand for the XC60 model, a 14-percent leap for the V40 and a 44-percent gain for the V60.

A good sales performance in China is crucial to Volvo’s goal of selling 800,000 cars annually by 2020, which is almost double the number of vehicles delivered in 2013.

Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars, remarked that he is pleased to see customers appreciating the carmaker’s new products, adding that the company has yet to introduce all variants of the new Drive-E engine range. He remarked that launch activities focused on the all-new Volvo XC90 will further attract interest in the Volvo brand and products. [source: Volvo]

Topics: volvo, sales

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