Volvo Cars records 10.5% growth for first six months of 2016

Volvo Cars has reported double-digit sales increase for the first six months of the year, posting growth of 10.5 percent to 256,563 cars compared to the same period in 2015.

Sales of the new Volvo XC90 were the main growth driver globally.

The Swedish carmaker reported growth in all major sales regions in the first half of 2016. In Europe, sales rose by 10.3 percent to 138,851 cars as a result of strong performances in key markets such as Sweden, Germany, the UK and France. The XC60 was the best-sold Volvo model in the region, while the new XC90 also saw strong demand.

The company’s resurgence in the United States also continued apace, as the company delivered close to 25 percent more cars over the six-month period. As total sales for the period rose to 36,654 cars, demand for the new XC90 was the key growth driver and the SUV was the best-selling Volvo model in the US.

China was Volvo’s largest single market in the first half with 40,688 cars sold, an increase of 6.3 percent year-on-year, driven by growing demand for the new XC90 as well as the locally produced XC60 and S60L sedan.

In June, Volvo retail sales increased by 10.6 percent overall compared to the same month in 2015 to a total of 51,431 cars. As such, it was the 13th consecutive month of global retail sales growth for Volvo. The US was the largest single market for the month, with 8,588 cars sold (+43.5 percent), followed by China, Sweden, the UK and Germany.

Globally, the Volvo XC60 was the best-selling model in the first half of 2016 with 73,817 cars sold (H1 2015: 78,066), followed by the Volvo V40/V40 Cross Country with 48,670 sold cars (51,507). The new XC90 was third with 43,911 cars sold (6,719). 

Also read:

- Volvo Cars posts strong first half 2016

- Volvo Cars global sales May 2016