Volvo Cars Global Sales Up By 11.8 Per Cent In October

November 2, 2018 by Volvo

Volvo Cars is headed for its fifth consecutive year of record retail sales after posting double-digit, 11.8 per cent, sales growth in October, compared with the same month last year. The strong performance was led by growth in all key regions of the US, China and Europe. The company sold 53,509 cars during the month.

In the first 10 months of 2018, Volvo Cars sold 526,062 cars, a growth of 14 per cent compared with the same period last year. This puts the company firmly on course to end 2018 setting a new global sales record. In 2017, the company sold 571,577 cars.

During the month of October, US sales grew 4.6 per cent, as demand for Volvo's award-winning SUVs, led by the XC60, remained strong. Volvo sold a total of 7,327 cars during the month, compared with 7,008 cars sold in the same month last year.

China reported a 3.2 per cent growth in October with retail sales reaching 11,083 cars, with the locally assembled XC60 and S90 models as the main growth drivers. Volvo sold 10,744 cars in October 2017.

In Europe, Volvo Cars sold 26,892 cars in October, up 12.2 per cent compared with the same month last year, following continued high demand for the XC60 and XC40 models.

	October			January-October
	2017	2018	Change	2017	2018	Change
Europe	23,965	26,892	12.2%	243,568	260,572	7%
China	10,744	11,083	3.2%	93,085	107,275	15.2%
US	7,008	7,327	4.6%	63,971	81,256	27%
Other	6,124	8,207	34%	60,689	76,959	26.8%
Total	47,841	53,509	11.8%	461,313	526,062	14%

Globally, the new Volvo XC60 continued to be the best-selling model in the first 10 months of the year, with 152,895 cars sold (2017: 154,943 units), followed by the XC90, with total sales at 77,625 cars (2017: 68,067) and the Volvo V40/V40 Cross Country at 65,238 cars (2017: 76,581 units). During the first 10 months of the year, the XC40 sold a total of 58,111 cars and the S90 generated volumes of 47,811 units (2017: 33,943 units).