Worldwide sales of Volvo Cars grew by 9.4% in the first quarter of 2019

Worldwide sales of Volvo Cars grew by 9.4% in the first quarter of 2019

April 7, 2019 0 By autotimesnews

Volvo Cars maintains sales dynamics for the first quarter of 2019. In January-March, global sales increased by 9.4% compared with the same period in 2018.

Sales in the first quarter reached 161,320 vehicles. Positive dynamics recorded in all key markets – China, USA and Europe. In March 2019, Volvo sold 67,457 cars, up 7% from March 2018.

Sales growth in the first quarter was due to the demand for the award-winning line of crossover Volvo. The bestseller line is the XC60, followed by the XC40 and XC90. New products of the brand – the V60 station wagon and the S60 sedan of the American assembly – also contributed to the increase in the number of sales.

Sales in Europe in the first three months of 2019 amounted to 86,520 vehicles (+ 8.8%). The growth is driven by the demand for XC40 and XC60 crossovers, as well as the V60 wagon. In March 2019, sales amounted to 37,325 cars (+ 3.9%).

In China, Volvo sales in the first quarter reached 29,886 vehicles, which is 3.9% more than last year. Growth in this region is driven by demand for locally-made XC60 and S90 models. In March, the company sold 11,413 cars (+ 6.7%).

In the United States, sales in the three months totaled 22,058 vehicles, an increase of 9.8% over the first quarter of last year. Sales increased due to demand for XC90 and XC60 crossovers. In March, the volume amounted to 9,569 cars (+ 16.2%).

The most popular model in March was the XC60 crossover. Its sales amounted to 18,036 cars (in 2018 – 16,277). It is followed by the XC40 and XC90 models with sales of 12,614 (in 2018 – 4,261) and 9,801 (in 2018 – 9,583) cars, respectively.