Volvo predicts 13% increase in worldwide 2010 sales

Article by Christian Andrei, 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:


Login or Create new account to add a comment!


It wasn’t too long ago when Maserati took the wraps off what appears to be the most gorgeous concept coupe ever made. The Alfieri coupe premiered at the 2014 Geneva...
by - October 23, 2016
Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016