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

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