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- Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

220661 Volvo Cars SUV line up

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

Volvo Cars, the premium car maker, reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year.

216712 New Volvo XC40 exterior 216702 New Volvo XC40 exterior

Total sales in the quarter, which saw the XC40 and XC60 SUVs be crowned European Car of the Year and World Car of the Year respectively, reached 147,407 cars, up from 129,148 cars a year earlier as Volvo’s SUV line-up and the 90 range as a whole proved popular with customers. 

216715 New Volvo XC40 exterior 216716 New Volvo XC40 exterior

The US market had a very good first quarter, growing its sales volume by 49.0 per cent compared with the first quarter the year before to 20,083 cars. The XC90 and the XC60 SUVs were the best-selling models. 

In China, Volvo Cars’ largest market, sales increased by 23.3 per cent in the first quarter of 2018, compared with the first quarter the year before, following continued strong demand for the locally produced XC60 and S90 models. Total first quarter sales reached 28,768 cars, increasing from 23,335 in the same period 2017. 

208159 The new Volvo XC60 T6

Volvo reported a solid 5.7 per cent sales increase in Europe for the first quarter, compared with last year, selling 79,512 cars on strong demand for the new XC60, the 90 Series cars and the new XC40 small SUV, for which deliveries started in February.  

Total sales for the month of March grew by 10.3 per cent to 63,038 cars compared to a year earlier.

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

March

January – March

2017

2018

Change

2017

2018

Change

Europe

35,623

35,941

0.9%

75,245

79,512

5.7%

China

9,095

10,700

17.6%

23,335

28,768

23.3%

US

5,356

8,233

53.7%

13,476

20,083

49.0%

Other

7,084

8,164

15.2%

17,092

19,044

11.4%

TOTAL

57,158

63,038

10.3%

129,148

147,407

14.1%

Globally, the new Volvo XC60 was the best-selling model in Q1 with 38,241 cars sold (2017: N/A), followed by the Volvo XC90 with 22,962 cars sold (19,170). The Volvo V40/V40 Cross Country was third with 22,207 sold cars (23,546). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

199955 Volvo S90 China version exterior driving