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VOLVO CARS REPORTS 7.1 PERCENT GLOBAL SALES GROWTH IN OCTOBER
Date: 05 Nov 2020 |
Author Type: Press Release |
Author: Volvo South Africa |
Source: Volvo South Africa |
Volvo Cars global sales continued to grow in October, with volumes up 7.1 percent
compared with the same period last year, driven by double-digit sales increases
in China and the US.
The company sold 65,290 cars during the month and the volume growth
was driven by a continued strong demand for Volvo Cars’ award-winning SUV
range.
The share of Recharge models, with a fully electric or plug-in
hybrid powertrain, more than doubled in the first ten months, compared with the
same period last year, and now makeup 16.0 percent of global sales. In Europe,
the share was 27.0 percent the same period.
In the first ten months, Volvo Cars sold 516,418 cars, down 9.2 percent
compared with the same period last year.
In China, sales reached 16,723 cars, up 19.1 percent compared with
October last year. In the first ten months of the year, sales grew by 5.2 per
cent, compared with the same period last year.
US sales in October continued to grow year-on-year during the
month and reached 10,691 cars, up 21.4 percent compared with the same month
last year. In the first ten months, US sales declined by 2.3 percent to 84,295
cars, compared with the same period last year.
Volvo Cars’ sales in Europe reached 28,154 cars in October, down
4.6 percent versus the same month last year. In the first ten months of the
year, sales declined by 17.6 percent year-on-year.
In October, the XC40 compact SUV was the top-selling model for
Volvo Cars, followed by the XC60 mid-size SUV and the XC90 large SUV. During
the month, SUVs accounted for 73.3 percent of the company’s total sales, up
from 65.3 percent in the same month last year.