Volvo, which this week, announced more job cuts in Sweden boosted sales in Russia in the first three quarters by 13% year on year to 16,000 vehicles.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“The increase of 13% against the backdrop of the falling global sales is a very positive result,” the company said in a statement cited by a Russian news agency.
The company attributed the increase largely to strong sales of off-road and SUV models.
So far this year Volvo has sold 5,400 of its large XC90 off-road SUVs, a 34.2% year on year rise plus 2,400 XC70s – up 14.8%.
Volvo Car Russia president David Thomas said at the start of 2008 the Ford-owned automaker intended to boost Russia sales 42.3% year on year to 30,000 units.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIts Russia sales last year soared 95.1% to over 21,000 cars.
