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Volvo Cars China sales grow 32.8 percent in 2014

Total retail sales of Volvo Cars grew by 32.8 percent to 81,221 cars in China in 2014, more than double the growth of the overall vehicle market in the country, according to a company news release.

China has become the No. 1 market for Volvo worldwide. The establishment of three new manufacturing plants, a growing dealership network and continuous expansion of the product offer are the underlying factors for the continued momentum for Volvo Cars in the Chinese market.

The best-selling model was the Volvo XC60 followed by the S60L sedan and the V40.

The Swedish company controlled by Chinese automaker Zhejiang Geely Holding Group Co., Ltd. said global sales increased 8.9 percent in 2014 to a new record of 465,866 cars. December also marked the 18th month of consecutive sales increases, driven primarily by strong performances in China and Western Europe.

“It has been a good year. Record sales underline how broad-based our performance has been in 2014. Moreover, we are profitable and we intend to stay profitable. This is crucial as it means our growth is sustainable,” said Håkan Samuelsson, president and chief executive. “We also expect this growth to continue next year in all markets.”

2014 retail sales results (deliveries to end customers) for Volvo Car Group (in units)

  

December

Full year

Market

2013

2014

% Change

2013

2014

% Change

China

6,685

8,461

26.6

61,146

81,221

32.8

USA

4,888

4,920

0.7

61,233

56,371

-7.9

Western Europe*

22,445

25,139

12

218,567

243,514

11.4

Other markets

9,033

8,525

-5.6

86,894

84,760

-2.5

Total

43,051

47,045

9.3

427,840

465,866

8.9

*including Sweden

Source: Volvo Car Group

 

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