Volvo Cars sets new global sales record in October

The Volvo Cars Group has sold just over 526,000 units in the period from January to October of this year, a 14% increase compared to 2017.

Volvo Cars once again breaks its global sales record in October with more than 5,500 units. In addition, the carmaker’s figures improve on those recorded last year. The major markets of China, the United States and Europe show significant progress compared to 2017.

The XC40 and XC60, standouts in October

The Volvo Cars Group maintains its global growth momentum so far in 2018. The brand, owned by the Chinese company Geely Holding, has once again improved its numbers. The carmaker has increased its global sales during the month of October. Volvo Cars improved its figures by 11.8% (just over 5,600 cars) compared with the registrations during the same month of 2017.

According to the data provided by the company, the most requested models were the XC40 SUV and XC60 SUV. Demand for these vehicles was most pronounced in the American and European markets. It should be recalled that the first of these models, the XC40, was named “European Car of the Year 2018”. However, the XC60 and S90 models, manufactured in China, established themselves as sales leaders in their domestic market.

Expectations of improvement in 2018

During the period from January to October, the brand has sold more than 526,000 units. This represents an increase of 14% (close to 65,000 vehicles) compared with 2017. Specifically, the American and European markets stood out with the sale of approximately more than 34,000 vehicles throughout the year. Sales in other markets and China contributed 16,270 and 14,190 units respectively.

In this way, Volvo Cars’ expectation is to exceed its annual 2017 figure. The carmaker sold 571,577 vehicles during the previous year. According to the figures the brand is handling, in the months of November and December it should sell more than 45,500 vehicles.