Published on April 5th, 2018 | by Subhash Nair0
Volvo Cars Q1 2018 Sales UP 14.1% Compared to Q1 2017
Volvo Cars reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year.
Total sales in the quarter, which saw the XC40 and XC60 SUVs be crowned European Car of the Year and World Car of the Year respectively, reached 147,407 cars, up from 129,148 cars a year earlier as Volvo’s SUV line-up and the 90 range as a whole proved popular with customers.
The US market had a very good first quarter, growing its sales volume by 49.0 per cent compared with the first quarter the year before to 20,083 cars. The XC90 and the XC60 SUVs were the best-selling models.
In China, Volvo Cars’ largest market, sales increased by 23.3 per cent in the first quarter of 2018, compared with the first quarter the year before, following continued strong demand for the locally produced XC60 and S90 models. Total first quarter sales reached 28,768 cars, increasing from 23,335 in the same period 2017.
Volvo reported a solid 5.7 per cent sales increase in Europe for the first quarter, compared with last year, selling 79,512 cars on strong demand for the new XC60, the 90 Series cars and the new XC40 small SUV, for which deliveries started in February.
Total sales for the month of March grew by 10.3 per cent to 63,038 cars compared to a year earlier.