Volvo predicts 13% increase in worldwide 2010 sales

Article by Christian A., on October 4, 2010

Volvo Car Corp. expects to sell 380,000 cars in 2010 worldwide, a 13% increase compared to the 335,000 cars sold last year. CEO Stefan Jacoby said the Swedish carmaker anticipates achieving a double-digit rise in unit sales this year. He believes that sales will stabilize in the near term and that it will see “a steady growth.”

In an interview with Automotive News Europe at the Paris Motor Show, Jacoby said that he expects the economy of Europe to recover in 2011.

For the first eight months of the year, the continent’s overall new-car sales dropped by 3.5% to about 9 million units. Jacoby attributes the decline to the end of government-funded scrapping incentives that gives subsides to people who traded into their old cars for newer, more fuel-efficient models.

Jacoby also said that with Volvo's product offerings, it predicts growth in China as well as in its core markets in Europe.

Volvo had recently launched the V60 station wagon at the Paris show. Volvo expects to sell 50,000 V60s a year, 90% of which are expected to be from Europe. This model will start selling in November. [via autonews - sub. required]

Topics: volvo, sales

If you liked the article, share on:

Comments

Recommended

You probably heard about Ford’s CEO Mark Fields’ departure from the company. Fields has spent almost three years with the company, and now, he is going to be replaced by...
by - May 28, 2017
A racing team is claiming that it has managed to break the lap record in its category in the ever-demanding Nurburgring circuit in 2016 while driving a road-going Volvo S60...
by - May 27, 2017
Aside from the officially confirmed BMW 8 Series, the next generation BMW M5 (F90) is getting a lot of attention from the fans, enthusiasts and even potential customers around the...
by - May 27, 2017
Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 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