Geely’s Volvo Cars posted strong sales in July, with volumes up 14.2% compared with the same period last year.
The company sold 62,291 cars during the month, as Europe, the US and China all saw a growth in sales compared with the same period last year. Sales in Europe returned to growth in July, continuing its positive trend as markets lifted restrictions put in place to curb the COVID-19 pandemic.
The double digit volume growth during the month was driven by continued strong demand for the SUV range. The V60 estate and the US-built S60 saloon also contributed to the strong performance.
The Recharge line of chargeable models, with a fully electric or plug-in hybrid powertrain, continued to be popular. Their market share more than doubled in the first seven months of the year compared with the same period last year.
According to recent IHS data, Volvo Cars was the leading electrified premium brand in Europe during the first half of 2020, with Recharge cars making up almost a quarter of total deliveries in the region.
In the first seven months of the year, the automaker sold 332,253 cars, down 16% year on year.
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Sales in Europe reached 28,700 cars in July, up 12.5% year on year. In the first seven months of the year, sales declined by 24.1%, however.
US sales in July reached 9,697 cars, up 10.3%. In the first seven months of the year, volume declined 10.1% to 52,952 cars.
In China, sales reached 14,410 cars, up 14% year on year. In the first seven months, sales declined by just 0.3%.
In July, the XC40 compact SUV was the top selling model, followed by the XC60 mid-size SUV and the XC90 large SUV.
During the month, SUVs accounted for 72.8% of the company’s total sales, up from 63.4% in the same month last year.