- Volvo Cars continued to grow sales globally in May and posted a 5.5 per cent increase in retail sales for the month, selling 42,107 cars. Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall. Global growth for the first five months was 10.4 per cent.
China was Volvo’s biggest market in May, reporting retail sales of 7,045 cars, up slightly versus the same month last year. The best-selling cars were the locally produced Volvo XC60 and S60L models.
The United States reported a sales increase of 10.2 per cent versus the same month last year. Retail sales amounted to 5,536 cars. The new Volvo XC90 was the best-selling Volvo model in the US with the XC60 in second place.
The new Volvo XC90
Sales in Europe as a whole amounted to 22,638 cars, up 3.3% per cent. Sweden was Volvo Cars’ second biggest market for the month with 6,545 sold cars, up 9.5 per cent versus May last year. Volvo continues to hold the leading position in Sweden with four models on the top-ten list of best-selling cars. The Volvo V40 was the best-selling model in Europe while the new XC90 represented most of the growth for the month.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
January – May
The Volvo XC60 was the best-selling model in May with 12,029 sold cars (2015: 13,183), followed by the Volvo V40/V40 Cross Country with 7,833 sold cars (8,838). The Volvo XC90 was the third best-selling model at 6,714 cars (new). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.
Volvo Car Group in 2015
For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). In 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 503,127 in 2015 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2015, Volvo Cars had almost 29,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).