Volvo Cars has reported November to be the best sales month in the company’s 88-year history, with a 26.0 percent growth. The Volvo XC60 was the brand’s best-selling model last month.
Volvo Cars posted a 26.0 percent increase in retail sales for November, with 49, 055 customers from all over the world buying cars from the Swedish brand, which represents a new all-time high result for a single month. In the medium term, Volvo Cars is targeting annual sales of 800,000 cars globally, following a complete renewal of its product line-up in the next four years. One of the main drivers for this record has been the global success of the Volvo XC90 SUV, a model which is paving the way for the all-new Volvo S90. The forthcoming premium sedan, the second car to be based on Volvo’s in-house developed Scalable Product Architecture technology, will be unveiled at an event in Gothenburg on December 2nd.
November sales in the US have reached 6,903 units, a 90.5 percent massive increase versus the same month last year, with an 18 percent year-to-date rise in the market. The numbers were boosted by strong demand for the XC90 and XC60 models which were the best-selling Volvos in the US for the month. Sales on the European market were up by 23.9 percent to a total of 26,646 cars, with a reported market share of 24.3 percent in Sweden, while the Netherlands and Germany were also consistent growth drivers in Europe with substantial sales increases. The V40 and XC60 were the best-selling Volvo models in Europe, while growth was driven mainly by the XC90 model.
In China, 8,045 customers bought a Volvo model last month, up by 15.8 percent compared to last November in 2014. The brand’s best-selling model was the Volvo XC60 with 13,988 sold cars, followed by the V40 and V40 Cross Country models for which deliveries reached a total of 9,656 cars. The new Volvo XC90 was on the third place with 6,792 cars.