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VOLVO CARS REPORTS 7.2 PERCENT GLOBAL SALES GROWTH IN AUGUST

Date: 16 Sep 2020 Author Type: Press Release
Author: Volvo South Africa
Source: Volvo South Africa
Volvo Cars maintained its sales momentum in August, with volumes up 7.2 per cent compared with the same period last year as Europe, China and the US all reported increasing sales.

The company sold 51,239 cars during the month and the volume growth was driven by a continued strong demand for Volvo Car’s award-winning SUV range.

In the first eight months, Volvo Cars sold 383,492 cars, down 13.5 per cent compared with the same period last year.

Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, continued to be popular among customers. The share of Recharge models more than doubled in the first eight months, compared with the same period last year.

Volvo Cars’ sales in Europe reached 17,458 cars in August, up 4.9 per cent versus the same month last year. In the first eight months of the year, sales declined by 21.9 per cent year-on-year.

In China, sales reached 15,835 cars, up 11.4 per cent compared with August last year. In the first eight months of the year, sales grew by 1.5 per cent, compared with the same period last year.

US sales in August continued to grow year-on-year during the month and reached 10,378 cars, up 12.9 per cent compared with the same month last year. In the first eight months, US sales declined by 7.0 per cent to 63,330 cars, compared with the same period last year.

In August, the XC60 mid-size SUV was the top-selling model for the company, followed by the XC40 compact SUV and the XC90 large SUV. During the month, SUVs accounted for 70.7 per cent of the company’s total sales, up from 63.6 per cent in same month last year. Volvo performed well in South Africa too – with the XC40 being the star performer. “I am delighted to report that sales rose by 37,14% (versus July 2020),” says Yvette Greyvenstein, Head of Commercial Operations at Volvo Car South Africa. “It is clear that – with its fresh, creative and distinctive design; ingenious interior practicality; cutting-edge connectivity and award-winning safety and infotainment technologies – the most compact premium SUV in our range is increasingly finding favour with South African customers.”
 
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