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VOLVO CARS REPORTS 7.1 PERCENT GLOBAL SALES GROWTH IN OCTOBER

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.