Volvo Car Corp., the Sweden-based automaker currently owned by China’s Geely, said January sales modestly grew almost 2 percent, yielding the 19th month of consecutive growth.
Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010, after previously being acquired by Ford Motor back in 1999 from the Swedish Volvo Group. Global sales last month were up 1.6% for the 19th straight month of delivery growth. The company said in a statement that all of its core regions – Europe, the United States and China posted positive results in January, which is good news for the company that last year saw lagging demand in its formerly largest market – America. The home region of Europe posted a strong 4.9 percent surge from the figures accounted during the same month last year. The majority of European markets showed positive results, with Volvo posting the strongest climb in the United Kingdom , where deliveries jumped 34.4 percent. 2014 was a good year and we continue the positive trend into 2015 with our 19th month of consecutive growth,” commented Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars.
China, the world’s largest auto market and now Volvo’s adoptive country, showed signs of growth – with sales up 0.7 percent to a total of 5,879 cars, with the main delivery drivers being the XC60 and S60 models. Sales in the US were also marginally positive, up 0.1 percent to 3,795 vehicles, again with the XC60 crossover and S60 sedan in the pole position.
Via Automotive News Europe