Volvo Car Group posts 14% retail sales growth for July, mainly due to rising numbers in China and Europe image

For the month of July, Volvo Car Group (Volvo Cars) has reported selling 33,650 cars, which is a healthy increase of 14% over the same month of 2012. China is again a growing market and thanks to the success of the new V40 model also European sales were up substantially. Meanwhile, global sales were down by 3.2% for the January to July period.

Volvo Cars in China reports a huge market growth, with sales in July growing by 61.6 per cent to 4,640 cars. The crown here goes to the XC60 model, which reached 2,278 sold cars, a new all-time sales record for an individual month.

For Europe, Volvo reports a strong foothold in the home field of Sweden, where retail sales grew by 15.1% in July to 3,258 cars. Volvo Cars continues to be the market leader and Volvo’s V-line models with the V70, V60 and V40 dominate sales in Sweden. Also, several European markets reported increased sales, with most of the growth explained by a strong presence of the V40 model and good retail sales activity in the Netherlands.

Despite all that, the number one market for Volvo in July was the good ol’ United States, with 5,908 retail sold cars, representing a growth rate of 3.3% compared to the same month last year.

Volvo XC60 was the number one model in July with 8,810 sold cars (in 2012: 7,792), followed by the Volvo V40 with 7,057 cars (1,328). Including the Cross Country, the V40 actually reached 8,533 sold cars. The third best-selling model was the Volvo S60 with 4,846 cars (5,057).