Volvo Cars reports 12.4 per cent sales growth in May…

Volvo Cars' T8 Twin Engine Range

Volvo Cars posted strong sales in May, with volumes up 12.4 per cent compared with the same period last year.

The company sold 60,196 cars during the month, as China, Europe and the US all reported a growth in sales compared with the same period last year.

The double digit volume growth in May was led by the continued strong demand for Volvo’s award-winning SUV range led by the XC60, and followed by the XC40 and XC90. Volvo’s latest models, the V60 estate and the US-built S60 sedan, also contributed to the strong performance.

In the January to May period, Volvo sold a total of 278,051 cars – up 9.6 per cent, compared with the same period last year.

China reported a strong sales growth of 17.4 per cent in May compared with the same period last year. Total sales in the region reached 12,425 cars during the month. The growth came on the back of high demand for the locally assembled XC60 and S90 models.

European sales in May grew 16.9 per cent to 29,681 cars, led by strong demand for the XC60, followed by the XC40 and the V60 estate.

US sales reached 9,761 cars in May, up 4.5 per cent compared with the same period last year. XC90 was the best selling car in the region followed by the XC60.

A detailed break-up of regional sales is given below:

May

January-May

2018

2019

Change

2018

2019

Change

Europe

25,395

29,681

16.9%

131,267

144,164

9.8%

China

10,582

12,425

17.4%

49,792

54,503

9.5%

US

9,338

9,761

4.5%

37,754

40,186

6.4%

Other

8,224

8,329

1.3%

34,768

39,198

12.7%

Total

53,539

60,196

12.4%

253,581

278,051

9.6%

In May, the XC60 was the top selling model with sales reaching 17,510 cars (2018: 16,171), followed by the XC40, with total sales at 10,574 cars (2018: 5,413 units), and the Volvo XC90 at 8,621 cars (2018: 7,979 units).