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Volvo reports 4.8% sales growth in September

Posted on 09 Oct 2020 and read 513 times
Volvo reports 4.8% sales growth in SeptemberVolvo Cars’ global sales continued to grow in September, with volumes up 4.8% compared with the same period last year, driven by double-digit sales increases in China and the USA.

The company sold 67,636 cars during the month, and the volume growth was driven by continued strong demand for Volvo Cars’ award-winning SUV range. In the first nine months of the year, Volvo Cars sold 451,128 cars, down 11.1% compared with the same period last year.

Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, continued to be popular among customers. The share of Recharge models more than doubled in the first nine months of the year compared with the same period last year.

In China, sales reached 17,292 cars, up 15.9% compared with September last year, and the highest monthly sales volume to date. In the first nine months of the year, sales grew by 3.4% compared with the same period last year.

US sales in September continued to grow year-on-year and reached 10,274 cars, up 10.2% compared with the same month last year. In the first nine months of the year, US sales declined by 4.9% compared with the same period last year, to 73,604 cars.

Volvo Cars’ sales in Europe reached 30,868 cars in September, down 0.6% versus the same month last year. In the first nine months of the year, sales declined by 19.2% year-on-year.

In September, 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 69.8% of the company’s total sales, down from 72.6% in the same month last year.

During the first nine months of the year, the XC60 was the top-selling model, at 131,091 cars (2019: 145,629 cars), followed by the XC40 with total sales of 121,905 cars (2019: 95,475 cars) and the XC90 with 61,327 cars (2019: 71,830 cars).