Volvo Car Group announces January retail sales:
Positive start for Volvo in the US market
Volvo Car Group reports global retail sales of 29,614 cars for the month of January, representing a 2.1 per cent decline versus January 2012. This year has started positively in the United States where Volvo grew by 9.3 per cent boosted by the Volvo S60 and XC60 models.
The United States kept its No 1 position within Volvo Car Group with 4,875 sold cars in the first month of 2013, marking the best January since 2008. Sales were driven by strong customer demand for the Volvo S60 sedan which is performing very well in its segment, as well as the XC60 crossover.
European markets continue to struggle with weak consumer demand following the economic situation. The total car market in Europe as well as sales of Volvo cars declined in January. Sales in Sweden declined although Volvo outperformed the market and Volvo's share was more than 21 per cent of the total Swedish market.
In China, retail sales were 75.8 per cent higher versus January 2012, mainly explained by the timing for the Chinese New Year which has a dampening effect on consumer spending. Last year the holiday period occurred in January while this year it will happen in February. However, the growth also comes from strong customer demand for the Volvo XC60 which had its best month ever in China.
Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:
|China||2 717||4 776||75,8%|
|USA||4 462||4 875||9,3%|
|EU20*||18 370||15 672||-14,7%|
|of which Sweden||3 806||3 028||-20,4%|
|Rest of World||4 692||4 291||-8,5%|
|TOTAL||30 241||29 614||-2,1%|
The Volvo XC60 was the best-selling model in January with 7,975 sold cars (2012: 7,085), followed by the Volvo S60 for which deliveries reached 4,967 cars (4,163) and the Volvo V40 with 4,789 cars (new model). Including the Volvo V40 Cross Country, sales of the V40 amounted to 5,689 cars.
*EU20 includes Sweden, Norway, Denmark, Finland, Netherlands, Belgium/Luxemburg, France, Spain, Italy, Greece, Portugal, UK, Ireland, Germany, Switzerland, Austria, Poland, Hungary and Czech Republic