Zhejiang Geely Holding Group, the current owner of the Swedish automaker Volvo has reasons to rejoice, as the premium brand continues to post its 12th consecutive month of gains.
Last month, Volvo cars sales grew 5% over the same period last year, buoyed by strong performances in China, the home market of Sweden and several other countries in Europe. June’s tally was of 5.4% for deliveries of 43,132 autos. Overall, in the first six months of the year, Volvo jumped deliveries by 9.5%, reaching retail sales of 229,013 units.
“The ability to grow consistently over a 12 month period underlines the transformation underway at Volvo Cars,” says Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars. “With the first six months of the year now behind us, we can conclude that Volvo has had a strong start to 2014.”
China is Volvo’s biggest single market, with a growth last month of 30.8% to 7,583 vehicles, with the best performer being the XC60 SUV. Sweden also showed great momentum for the brand, with sales rising 22.1 % to 5,624 cars.
Among the western Europe key markets for Volvo were the UK, the Netherlands and Belgium, while positive performers were Norway, Finland and Spain. For the region, sales grew 4.5 % to 15,762 vehicles last month. On the other hand, the US, traditionally a strong market for Volvo, saw a slump of 10.4% to just 5,984 deliveries.