For the month of November, Volvo cars reported a massive 26% increment in retail sales. This result, which is a new record in itself for a single month’s sales, has been achieved with 49,055 Volvo cars sold worldwide in November.
In the next four years, the company plans a completely renewed product line-up with an annual sales target of 800,000 cars throughout the world. Based on the latest technology developed by Volvo’s in-house innovation SPA (Scalable Product Architecture), the earlier model Volvo XC90 touched new heights of success globally.
On the same lines, the company has now unveiled its second SPA-based car, i.e. the Volvo S90 premium saloon on December 2 in Gothemburg. Volvo cars have been sold widely in all parts of Europe. With a total of 26,646 cars sold, retail sales increased by 23.9%.
In Sweden, the market share escalated to 24.3% while Netherlands and Germany also showed substantial contributions in the growing sales figures of Volvo cars in Europe. Though the main growth driving model was the XC90, the best sellers in Europe turned out to be the V40 and XC60 models.
In China, the sales figure in November 2015 was up by 15.8% as compared to the same month last year, with a total of 8,045 cars sold. The two models that are locally produced, Volvo XC60 and S60L, turned out to be the best sellers in the Chinese automobile market.
As far as the best-selling Volvo models in November are concerned, the Volvo XC60 sold the most and achieved a higher sales figure of 13,988 as compared to 12,360 in November 2014. Next winners in the race were the V40 and the V40 Cross Country models, which beat last year’s sales number of 9,591 with total of 9,656 units sold.
The third best seller down the lane was the new Volvo XC90 for which 6,792 deliveries were made. The Volvo Car Group reported 2,252 MSEK of operating profit in the financial year of 2014 which was much higher as compared to 1,919 MSEK in 2013.
The company generated revenue of 129,959 MSEK whereas it recorded 122,245 MSEK in 2013. Global sales of Volvo cars in 2014 reached a record figure of 465,866, which was around 8.9% higher than in 2013.
Inspired by sales records hitting new levels, the Volvo Car Group is planning to continue its investment further according to its global transformation plan. The Volvo Car Group has been operational since 1927 and has paved its way steadily towards earning the label of a respectable and popular car brand globally.
Its sales in 2014 have been measured at a magnificent 465,866 in a total of about hundred countries. Till 1999, Volvo Cars was a part of the Swedish Volvo Group after which it was bought by the US Ford Motor Company and remained under its flagship till 2010. Since then, Volvo Cars has been owned by Geely Holding (Zhejiang Geely Holding) of China.