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- Volvo Cars reports double-digit sales growth of 10.5 per cent for first six months of 2016

K1600 163263 The new Volvo XC90

Volvo Cars reports double-digit sales growth of 10.5 per cent for first six months of 2016

  • Sales of 256,563 cars in first half of 2016, growth in all major sales regions
  • Strong demand for new XC90 main growth driver
  • June sales up 10.6 per cent, 13th consecutive month of growth

Volvo Cars reported a solid double-digit sales increase for the first six months of the year, posting growth of 10.5 per cent to 256,563 cars compared to the same period in 2015. Sales of the new Volvo XC90 were the main growth driver globally.

K1600 181042 Volvo XC60 with Polestar Parts

Volvo 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.

K1600 181033 Volvo S60 with Polestar Parts   K1600 181035 Volvo V40 with Polestar Parts

Volvo’s resurgence in the United States also continued apace, as the company delivered close to 25 per cent 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.

K1600 188416 Volvo V60 Edition

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

K1600 163260 The new Volvo XC90   K1600 163264 The new Volvo XC90

In June, Volvo retail sales increased by 10.6 per cent 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 per cent), followed by China, Sweden, the UK and Germany.

Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:

June January – June
2015 2016 Change 2015 2016 Change
China 7 282 7 727 6,1% 38 292 40 688 6,3%
USA 5 985 8 588 43,5% 29 367 36 654 24,8%
Sweden 6 371 7 228 13,5% 32 460 36 455 12,3%
West. Europe 19 004 20 098 5,8% 93 398 102 396 9,6%
Other markets 7 878 7 790 -1,7% 38 767 40 370 4,0%
TOTAL 46 520 51 431 10,6% 232 284 256 563 10,5%

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).