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

Romanian automotive media publication cars.ro earlier said that the new Ford Fiesta will no longer be offered in the United States. Robert Stiller, Ford’s vehicle program manager for the B-segment,...
by - July 26, 2017
The Nurburgring is the one track that many automakers want to hold a record of, because only the best of the best do. This time, a group of extraordinary passionate...
by - July 25, 2017
Would you like your convertible to be inspired by a yacht? Well, you do not have to imagine it anymore - thanks to the Bentley Continental GT Convertible and Mulliner...
by - July 25, 2017
The 2018 Jaguar E-Pace is the leaping cat’s first venture into the compact SUV segment, and sure enough, it didn’t take long before an artist rendered a wilder version of...
by - July 25, 2017
Good news for Audi EU5 and EU6 diesel car owners in Europe. They can now update their cars to fit six-cylinder or eight-cylinder TDI engines through a retrofit program, and...
by - July 25, 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