Volvo Cars reports 7.4% global sales growth in April
04 May 2019, 02:27 ( 2 Months ago)
Volvo Cars global sales grow up 7.4 percent in April, compared with the same period last year, according to the company's press release on Friday.
Total sales in April reached 56,535 cars with all the regions of China, U.S. and Europe reporting a growth in volumes compared with the same month last year. Meanwhile, sales in the January-April period stood at 217,855 cars, up 8.9 percent compared with the same period last year.
The volume growth in April was led by 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 U.S.-built S60 sedan, also contributed to the increased volumes, the company said.
Regionally, China reported a strong sales growth of 16.8 percent in April compared with the same period last year. Total sales in the region reached 12,192 cars during the month. The growth was on the back of high demand for the locally assembled XC60 and S90 models.
European sales in April grew 6.1 percent to 27,963 cars, on the back of strong demand for the XC40, followed by the XC60 and the new V60 estate. And sales in the U.S. reached 8,367 cars for the month of April, up 0.4 percent compared with the same period last year. XC90 was the highest selling car in the region followed by the XC60.
Volvo Cars, acquired by Chinese automaker Geely in 2010, employs 43,000 people globally.