Volvo posts another double digit sales growth image

After a 15 percent sales boost in February, Volvo managed to get yet another solid month, with over 11 percent increase in March.

The Swedish brand owned by China’s Geely stayed on the double digit growth side in March and posted an 11.5 percent increase in its global retail sales for the month, with 52,279 cars reported. High demand for the new Volvo XC90 was the main pusher of the monthly volume, while the XC60 was the best-selling model overall. Global gain in the first quarter rose to 11.9 percent, totaling 120,591 vehicles in the first three months of the year.

United States reported a 15.9 percent increase versus the same month last year, marking the ninth consecutive month of double-digit growth, as retail sales amounted to 6,857 cars. The new XC90 SUV was the best-selling Volvo model in the US.

On the European side, the automakers received a 13.1 percent boost across the region with the UK being the fastest growing market in March and Volvo’s biggest one for the month. Volvo China reported retail sales of 7,542 units last month, up 13.9 percent, as the best-selling cars were the locally produced XC60 and S60L models.

Overall, the most-wanted Volvo for the month was XC60 with 14,676 sold cars -7,8 percent down from a year earlier, followed by the V40 and V40 Cross Country at 10,965 cars (11,585 units in 2015, while the new XC90 was the third best-selling model with 8,541 sold cars.

Retail sales status (deliveries to end customers) for Volvo Car Group

March     January – March
2015 2016 Change 2015 2016 Change
China 6 620 7 542 13,9% 17 311 19 636 13,4%
USA 5 916 6 857 15,9% 13 723 16 361 19,2%
Sweden 5 775 6 432 11,4% 14 093 16 047 13,9%
West. Europe 20 504 23 295 13,6% 43 522 49 286 13,3%
Other markets 8 067 8 153 1,1% 19 072 19 242 0,9%
TOTAL 46 882 52 279 11,5% 107 721 120 591 11,9%