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September 2, 2020

Geely’s Volvo Cars grows global sales in August

Geely's Volvo Cars said August sales volumes rose 7.2% year on year as its units in Europe, China and the US all reported increased sales.

By Olly Wehring

Geely’s Volvo Cars said August sales volumes rose 7.2% year on year as its units in Europe, China and the US all reported increased sales.

The company sold 51,239 cars last month with growth driven, as is now usual, by “continued strong demand” for the XC SUV range.

In the first eight months of 2020, the automaker sold 383,492 cars, though that tally was down 13.5%.

Market share for the Recharge line of chargeable EV variants “more than doubled” in the first eight months.

Europe sales rose 4.9% to 17,458 while year to date declined 21.9%.

China sales reached 15,835 cars, up 11.4%, and YTD sales rose 1.5%.

US sales in August rose 12.9% to 10,378 cars.

YTD volume was off 7% to 63,330.

The XC60 was the top selling Volvo model in August when SUVs accounted for 70.7% of sales, up from 63.6% last year. It was also the most popular buy, YTD.

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