Volvo reported record sales in 2017January 6, 2018
With the start of sales of the compact crossover XC40, the company also hopes for a record this year.
The Swedish automotive manufacturer Volvo Cars, which now belongs to the Chinese concern Geely, announced a new record sales of new cars. Sales volumes for the year 2017 increased by 7 percent compared to the result of 2016 and amounted to 571,577 units worldwide. This is reported in a press release of the company.
The main catalysts for the sale were the new S90 sedan models and the mid-size XC60 crossover, which are based on the CMA’s own modular architecture. The new XC60 replaced the company’s best-selling model. It was sold only the first year, and the Swedes have high hopes for it. The novelty has become more premium and competes on an equal footing with the BMW X3, Audi Q5 and Mercedes-Benz GLC.
The most developing market for Volvo in 2017 was China, including, due to the origin of the parent company Geely. In the China implementation of cars, Volvo grew by 25.8 percent, as in no other market in the world. In general, the Asia-Pacific region showed an increase of 20.9 percent. In Europe, the Middle East and Africa, sales increased by 3.3 percent compared to 2016. And North and South America showed an increase of only 0.7 percent.