Volvo sales up 4.6% on strong demand for XC90

AutoTrader NZ
Published 3 September 2020

Europe as well as the US market were key drivers of growth. Both regions reported significant increases based on sales of the new Volvo XC90 and continued strong demand for Volvo’s ’60-series carlines.

Retail sales in Europe including Sweden grew 10.5 per cent where Germany and Sweden represented the key growth drivers. The new Volvo XC90 is behind a large part of the incremental sales while also the other XC-carlines are strong in Sweden. Looking at Europe as a whole, the popularity for Volvo’s best-seller XC60 continues to grow.

The all-new Volvo XC90

China was Volvo Cars’ largest market in July with 5,832 sold cars. The decline in in China reflects the current overall market uncertainty and instability. The locally produced XC60 and S60L models are the most sold Volvo models in China.

Sales in the US market amounted to 5,617 retail sold cars representing a 14.7 per cent increase versus the same month last year. The success for the new Volvo XC90 as well as demand for the Volvo V60 and XC60 models were the main factors behind the incremental sales.

“The success for the new Volvo XC90 is now starting to show in our sales performance but I am also happy to see that our ’60-series continues to grow in demand globally”, said Alain Visser, senior vice president of marketing, sales and customer service at Volvo Cars.

“With growing sales in the US market and XC90 volumes ramping up I am confident of continued strong sales in the second half of this year.”

The Volvo XC60 was the best-selling model in July with 12,933 sold cars (2014: 10,803), followed by the Volvo V40 and V40 Cross Country for which deliveries reached a total of 7,098 cars (2014: 9,006). The S60 and S60L models were third best selling at 4,533 cars (2014: 5,612).