Volvo Car Group reports global retail sales of 29,614 cars for the month of January, a 2.1% decline versus January 2012.

The decline reinforces the challenge to get the loss-making Geely subsidiary back into profit. It is currently undergoing a round of cost-cutting.

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However, this year has started positively in the United States where Volvo grew by 9.3% boosted by the Volvo S60 and XC60 models.

The United States kept its No.1 position within Volvo Car Group with 4,875 sold cars in the first month of 2013, marking the best January since 2008. Sales were driven by strong customer demand for the Volvo S60 sedan which is performing very well in its segment, as well as the XC60 crossover.

Europe remains difficult for Volvo, with January sales 14.7% down on last year. 

In China, retail sales were 75.8% higher versus January 2012, mainly explained by the timing for the Chinese New Year which has a dampening effect on consumer spending. Last year the holiday period occurred in January while this year it will happen in February. However, the growth also comes from strong customer demand for the Volvo XC60 which had its best month ever in China.

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Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:

 

January
       
 

2012

2013

Change
       

China

2,717

4,776

75.8%
       

USA

4,462

4,875

9.3%
       

EU20*

18,370

15,672

-14.7%
       

 of which Sweden

3,806

3,028

-20.4%
       

Rest of World

4,692

4,291

-8.5%
       

TOTAL

30,241

29,614

-2.1%

The Volvo XC60 was the best-selling model in January with 7,975 sold cars, followed by the Volvo S60 for which deliveries reached 4,967 cars and the Volvo V40 with 4,789 cars. Including the Volvo V40 Cross Country, sales of the V40 amounted to 5,689 cars.