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

Article by Christian A., 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

If you liked the article, share on:

Comments

Recommended

One of the executives at Volkswagen tagged in the so-called Dieselgate scandal has pleaded not guilty to a list of allegations surrounding the carmaker’s actions to cheat emissions regulations in...
by - February 27, 2017
When the Crown De Luxe saloon was first released in 1972, it was at that time the most lavish Toyota model available to British customers. Both unusual and exclusive, one...
by - February 27, 2017
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would...
by - February 27, 2017
J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries