March 07, 2013

Volvo Car Group announces February retail sales

Volvo Car Group reports global retail sales of 28,627 cars for the month of February and for the period January-February, retail sales were down 5.5 per cent. The Volvo S60 and XC60 models continue to perform strongly globally and sales in China have increased by 31 per
cent in the first two months of 2013.

The United States was Volvo Car Group's number one market with 4,867 sold cars in February. Sales were driven by strong customer demand for the Volvo S60 sedan and the XC60 crossover. Both models are performing very well in their respective segments.

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 has declined this year. In Sweden, Volvo has outperformed the market development and the Volvo share was more than 20 per cent of the total Swedish market for the first two months of this year.

In China, retail sales were flat - a good result considering the timing of the Chinese New Year which had a dampening effect on February sales. Looking at January and February as a whole, China retail sales were up by 31 per cent. Sales were mainly driven by strong demand for the 60-series car models.


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