Volvo Cars global sales set new record in November with 26% growth

Volvo Cars posted a 26 percent increase in retail sales for the month of November, selling 49,055 cars globally, which represents a new all-time high result for a single month. In the medium term, Volvo Cars is targeting annual sales of 800,000 cars globally following a complete renewal of its product line-up in the next four years.

The Volvo XC90 is paving the way for the all-new Volvo S90 premium saloon – the second car to be based on Volvo’s in-house-developed SPA (Scalable Product Architecture) technology. The Volvo S90 will be unveiled at an event in Gothenburg today.

For the month of November, the United States reported 6,903 retail sales, up 90.5 percent versus the same month last year. Sales were further boosted by strong demand for the XC90 and XC60 models, which were the best-selling Volvos in the US for the month. The year-to-date sales in the US market were up 18 percent.

The retail sales in Europe as were up by 23.9 percent to a total of 26,646 cars. Home market, Sweden reported a market share of 24.3 percent, while the Netherlands and Germany were also growth drivers in Europe with substantial sales increases. The V40 and XC60 were the best-selling models of the carmaker in Europe, while growth was driven mainly by the XC90 model.

Meanwhile, sales in China amounted to 8,045 cars in November, up 15.8 percent versus the same month last year. The locally produced Volvo XC60 and S60L were the best-selling Volvo models on the market.

Model-wise sales

The Volvo XC60 was the best-selling model in November, with 13,988 cars sold (2014: 12,360), followed by the V40 and V40 Cross Country models, for which deliveries reached a total of 9,656 cars (9,591). The new Volvo XC90 was the third best-selling car line, with 6,792 cars. 

Also read: Volvo Cars global sales in October