Volvo Cars’ sales movement continued in May with tellurian sales adult 13.3 per cent compared with a same month final year, as a reward carmaker grew in all a categorical markets.
In a initial 5 months of 2018, sales grew by 13.6 per cent compared to a year before, to a sum of 253,581 cars. Total sales in May reached 53,539 cars with Volvo’s SUV choice and 90-series cars as a month’s categorical expansion drivers.
The US continued a good movement in May, flourishing by 50.6 per cent to 9,338 cars compared with a same month final year, led by a clever opening from Volvo’s SUV-line-up.
Sales in China, Volvo’s largest market, augmenting by 8.2 per cent following high direct for a locally constructed XC60 and S90 models. Total sales for a month amounted to 10,582 cars.
In Europe, sales reached 25,395 cars in May, augmenting by 1.7 per cent compared with May 2017 following good sales of a 90-series cars as good as a XC60 and XC40.
Retail sales standing (deliveries to finish customers) for Volvo Car Group is as follows:
Globally, a new Volvo XC60 was a best-selling indication in May with 16,171 cars sole (2017: 48), followed by a Volvo XC90 with 7,979 cars sole (6,647). The Volvo V40/V40 Cross Country was third with 5,844 sole cars (7,997). Sales total by indication can be found in a Sales Volumes territory of a Global Newsroom.
Volvo Car Group in 2017
For a 2017 financial year, Volvo Car Group available an handling distinction of 14,061 MSEK (11,014 MSEK in 2016). Revenue over a duration amounted to 210,912 MSEK (180,902 MSEK). For a full year 2017, tellurian sales reached a record 571,577 cars, an boost of 7.0 per cent contra 2016. The formula underline a extensive mutation of Volvo Cars’ finances and operations in new years, positioning a association for a subsequent expansion phase.
About Volvo Car Group
Volvo has been in operation given 1927. Today, Volvo Cars is one of a many obvious and reputable automobile brands in a universe with sales of 571,577 cars in 2017 in about 100 countries. Volvo Cars has been underneath a tenure of a Zhejiang Geely Holding (Geely Holding) of China given 2010. It shaped partial of a Swedish Volvo Group until 1999, when a association was bought by Ford Motor Company of a US. In 2010, Volvo Cars was acquired by Geely Holding.
In 2017, Volvo Cars employed on normal approximately 38,000 (30,400) full-time employees. VolvoCars conduct office, product development, selling and administration functions are especially located in Gothenburg, Sweden. Volvo Cars conduct bureau for China is located in Shanghai. The company’s categorical automobile prolongation plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are made in Skövde (Sweden) and Zhangjiakou (China) and physique components in Olofström (Sweden).