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June 6, 2017

Volvo Cars sales grew 12.2% in May

Volvo Cars has reported double-digit global retail sales growth of 12.2% for May, compared with the same month last year, on the back of solid performance in all its three main sales regions.

By David Leggett

Volvo Cars has reported double-digit global retail sales growth of 12.2% for May, compared with the same month last year, on the back of solid performance in all its three main sales regions.

Total sales for the month amounted to 47,247 cars, compared with 42,107 cars the year before. Growth for the first five months of 2017 was 8.9%. Volvo sold a record 534,332 cars in 2016 and is confident it will report another record this year.

Volvo says firm demand for new 90 series cars remains an important factor in Volvo’s sales performance, while the original XC60 continues to be the best-selling model overall.

The Asia Pacific region reported sales growth of 30.6% in May to 12,721 cars, boosted by a strong performance in China, Volvo’s largest individual sales market. Sales in the country rose 38.8% to 9,779 cars, with the locally produced S90, XC60 and S60L models proving popular with customers.

Sales in the Americas region increased 10.4% to 7,574 cars. The increase came after a 12% increase in the US market to 6,202 cars. The XC90 was the best-selling car in both the Americas region and the US market for the month, followed by the XC60.

Sales in the EMEA region increased by 5.4% in May to 26,634 cars. Europe’s most popular premium mid-size SUV, the XC60, remained Volvo’s best-seller in the region, followed by the V40/V40 Cross Country.

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

  • Region EMEA: May 2016 – 25,259 units; May 2017 – 26,634 units; change – 5.4%; YTD 2016 – 123,471 units; YTD 2017 – 132,450 units; change – 7.3%
  • Sweden: May 2016 – 6,545 units; May 2017 – 7,032 units; change – 7.4%; YTD 2016 – 29,227 units; YTD 2017 – 31,478 units; change – 7.7%
  • Region Asia-Pacific: May 2016 – 9,738 units; May 2017 – 12,721 units; change – 30.6%; YTD 2016 – 46,752 units; YTD 2017 – 56,815 units; change – 21.5%
  • China: May 2016 – 7,045 units; May 2017 – 9,779 units; change – 38.8%; YTD 2016 – 32,961 units; YTD 2017 – 41,801 units; change – 26.8%
  • Region Americas: May 2016 – 6,858 units; May 2017 – 7,574 units; change – 10.4%; YTD 2016 – 33,536 units; YTD 2017 – 32,626 units; change – (-)2.7%
  • USA: May 2016 – 5,536 units; May 2017 – 6,202 units; change – 12.0%; YTD 2016 – 28,066 units; YTD 2017 – 26,799 units; change – (-)4.5%
  • Other: May 2016 – 252 units; May 2017 – 318 units; change – 26.2%; YTD 2016 – 1,373 units; YTD 2017 – 1,399 units; change – 1.9%
  • Total: May 2016 – 42,107 units; May 2017 – 47,247 units; change – 12.2%; YTD 2016 – 205,132 units; YTD 2017 – 223,290 units; change – 8.9%

Globally, the Volvo XC60 was the best-selling model in May, with 15,639 cars sold (2016: 12,029), followed by the Volvo V40/V40 Cross Country, with 7,997 cars sold (7,833). The XC90 was third, with 6,647 sold cars (6,715).

See also: Chinese Volvo S90s exported to Europe by rail

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