Volvo increased sales of its cars by 14.2% in JulyAugust 4, 2020
The Swedish automaker showed strong sales in July, which rose 14.2% over the same period last year.
Volvo dealers worldwide sold 62,291 vehicles during the month, with growth seen in the European, US and Chinese markets compared to the same period last year. Sales in Europe returned to gains in July, continuing their positive trend as countries lifted restrictions imposed to contain the Covid-19 pandemic.
Double-digit growth in sales during the month was driven by continued strong demand for Volvo Car’s award-winning SUV range. The V60 station wagon and the US-built S60 sedan also contributed to the strong performance.
Volvo Cars’ range of fully electric and plug-in hybrid plug-in models continues to be popular with customers. The share of plug-in hybrids more than doubled in the first seven months from the same period last year.
According to the latest data from IHS, Volvo became the leading electrified premium brand in Europe in the first half of 2020.
Volvo Cars sold 332,253 vehicles in the first seven months, down 16% from the same period last year.
Volvo Cars’ sales in Europe reached 28,700 vehicles in July, up 12.5% on the same month last year. In the first seven months of this year, sales were down 24.1% year on year.
US sales in July continued to grow year-on-year for the month and reached 9,697 vehicles, up 10.3% from last July. In the first seven months, US sales were down 10.1% to 52,952 vehicles compared to the same period in 2019.
In China, sales reached 14,410 vehicles, up 14.0% from a year earlier. In the first seven months of this year, sales were down 0.3% over the same period last year.
In July, the XC40 compact SUV became the company’s best-selling model. The second most popular XC60 midsize SUV and XC90 large SUVs. SUVs accounted for 72.8% of the company’s total sales during the month, up from 63.4% in the same month of 2019.
The brand’s bestseller in the first 7 months of 2020 was the XC60 crossover, which sold 96,622 vehicles (2019: 111,943 vehicles). The next most popular are the XC40 with 87,085 vehicles (2019: 74,062 vehicles) and the XC90 with 46,669 vehicles (2019: 55,443 vehicles).
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