Volvo reports record global sales

Volvo Cars reported a new record in global annual sales as 2018 volumes rose by 13.5% to 582,096 cars for the January-to-November period, compared with 513,055 cars in the same period last year.

The sales result means that with one more month still to go in 2018, Volvo Cars has already beaten 2017’s full-year sales record of 571,577 cars. In November, the company sold 56,034 cars, up 8.3 per cent compared with the same period last year.

During the January-to-November period, US sales grew by a robust 24.5% compared with the same period last year, to 89,437 cars. The strong performance came on the back of growing demand for its SUV line-up, led by the XC60. In November, Volvo Cars sold 8,181 cars, up 4.2 per cent compared with the same month last year.

Retail sales in China reached 118,725 cars in the first 11 months, up 13.8% compared with the same period last year (104,344 cars sold). In November, the company sold 11,450 cars in China.

Europe has also delivered a strong performance so far this year. Total retail sales in the January-to-November period reached 288,369 cars, up 7.3 per cent. In November, the company sold 27,797 cars in the region.