Trade Resources Company News China Became Volvo Car Group's Number One Market in October

China Became Volvo Car Group's Number One Market in October

China once again became Volvo Car Group's (Volvo Cars) number one market in October with 5,086 retail sold cars, representing an increase of 50.1 per cent.

The best-selling model was the Volvo XC60 with 2,321 sold cars. China also was the second biggest market for the V40 model, after the Netherlands.

In Europe, the Netherlands continues to be the growth driver thanks to a high and stable demand for the attractive low-CO2 versions of the Volvo V40. The Netherlands is also the biggest market for the Volvo V60 Plug-in Hybrid with close to 1,000 sold cars in October alone.

The V60, V70 and XC60 are the top three Volvo models in the Swedish market where Volvo again captured more than 20 per cent share of the total market and thereby retained its leadership on the Swedish market. In the United States, the new model year 2014 versions boosted sales of the S60, S80 and XC70 models and a total of 3,919 cars were retail sold in October. The US was also Volvo Cars' biggest market for the S60 and XC90 models.

"Our offer is now very strong with a number of new products in the showrooms and we expect continued growth as more markets are launching the new cars and Drive-E powertrains. China in particular is performing outstanding and we expect a full year result well above our target", says Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Cars.

The Volvo XC60 was the best-selling model in October with 9,954 sold cars (2012: 8,974), followed by the Volvo V40 for which deliveries reached 7,259 cars (6,228). Including the Cross Country version, the V40 reached 9,489 sold cars. The third best-selling model was the Volvo V60 with 5,170 cars (4,857). 

Source: http://www.automotive-business-review.com/news/volvo-cars-global-sales-up-37-061113
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