Volvo Cars reports 14.2 per cent global sales growth in July

Volvo Cars reports 14.2 per cent global sales growth in July

05.08.2020: Volvo Cars posted strong sales in July, with volumes up 14.2 per cent compared with the same period last year. The company sold 62,291 cars during the month, as Europe, the US and China all reported a growth in sales compared with the same period l


Volvo Cars posted strong sales in July, with volumes up 14.2 per cent compared with the same period last year.

 

The company sold 62,291 cars during the month, as Europe, the US and China all reported a growth in sales compared with the same period last year. Sales in Europe returned to growth in July, continuing its positive trend as markets lifted restrictions put in place to curb the Covid-19 pandemic.



The double-digit volume growth during the month was driven by a continued strong demand for Volvo Cars’ award-winning SUV range. The V60 estate and the US-built S60 saloon also contributed to the strong performance.



Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, continued to be popular among customers. The share of Recharge models more than doubled in the first seven months of the year compared with the same period last year.



According to recent IHS data, Volvo Cars was the leading electrified premium brand in Europe during the first half of 2020, with Recharge cars making up almost a quarter of total deliveries in the region.



In the first seven months of the year, Volvo Cars sold 332,253 cars, down 16.0 per cent compared with the same period last year.



Volvo Cars’ sales in Europe reached 28,700 cars in July, up 12.5 per cent versus the same month last year. In the first seven months of the year, sales declined by 24.1 per cent year-on-year.



US sales in July continued to grow year-on-year during the month and reached 9,697 cars, up 10.3 per cent compared with the same month last year. In the first seven months of the year, US sales declined by 10.1 per cent to 52,952 cars compared with the same period last year.



In China, sales reached 14,410 cars, up 14.0 per cent compared with July last year. In the first seven months of the year, sales declined by 0.3 per cent compared with the same period last year.



In July, the XC40 compact SUV was the top-selling model for the company, followed by the XC60 mid-size SUV and the XC90 large SUV. During the month, SUVs accounted for 72.8 per cent of the company’s total sales, up from 63.4 per cent in the same month last year.



 


During the first seven months of the year, the XC60 was the company’s top-selling model, with total sales of 96,622 cars (2019: 111,943 cars), followed by the XC40 with 87,085 cars (2019: 74,062 cars) and the XC90 with 46,669 cars (2019: 55,443 cars).





Volvo- also photo

Permanent-URL: http://www.automobilsport.com/volvo-cars-global-sales-growth-july---210209.html

05.08.2020 / MaP

More News

Ford Announces Jim Hackett to Retire as President and CEO
04.08.2020
- Jim Farley to Succeed Hackett as Company Continues Transformation•    Jim Hackett, who has led Ford Motor Company's transformation since 2017 as president and CEO, has elected to retire from the company•    Jim Fa more >>
American Honda Reports July Sales Results
04.08.2020
    Acura car and truck sales gain in July to push brand up 2.5% for the month       Honda HR-V posts 6.7% sales increase while CR-V tops 30,000 deliveriesAme more >>
Thomas Schäfer takes over as Chairman of the Board at SKODA AUTO with immediate effect
03.08.2020
In this position, he succeeds Bernhard Maier, who is handing over the office to his successor after almost five years at the helm.Thomas Schäfer will assume the role of Chairman of the B more >>
EU-Vietnam trade agreement enters into force
01.08.2020
The EU-Vietnam trade agreement, the most comprehensive trade agreement the EU has concluded with a developing country, will apply as of today, 1 August. President of the European Commission, Ursula von der Leyen, said: “The European economy needs now every opportunity to restore its strength after the crisis triggered by the coronavirus. more >>
Porsche set to invest 15 billion euros in the future of mobility over the next five years
31.07.2020
Robust despite coronavirus: 1.2 billion euros operating profit in the first halfAfter a challenging first half of 2020, Porsche AG achieved a return on sales of 9.9 per cent. The sales revenue of 12.42 billion euros is 7.3 percent down on the previous year; the return o more >>
UK Car production down -42,8% in first half as sector sheds more than 11,000 jobs amid Coronavirus crisis
31.07.2020
    UK car manufacturing output declines -48.2% in June with 56,594 units produced, rounding off weakest six months since 1954.    Factories turn out just 381,357 cars in the year-to-date, down -42.8% on 2019 – a decline of more than 285,000 units.    11,349 jobs already cut across manufacturing more >>
British Engine Manufacturing down -38.8% in first half of 2020
31.07.2020
UK Engine MANUFACTURING (data for June)    UK engine production falls -38.8% in first half to 814,957 units.    Demand from home and international markets down -32.4% and -42.3% respectively. more >>
UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24,8%
31.07.2020
UK Commercial Vehicle MANUFACTURING (data for June)    British CV manufacturing grows 23.9% in June, as new model uplift reverses heavy losses in 2019.    Production for home market rises 25.0%, with exports also up, by 22.7%.    Positive month fails to offset Covid-19 impact, as overall half-ye more >>
Renault Group Financal results for the 1st half of 2020
30.07.2020
 FINANCIAL RESULTS FOR THE 1st HALF OF 2020The health crisis and the results of associated companies mainly explain the half-year loss.    In the context of the health crisis, Group sales fell by 34.9% in the first half (1.26 mil more >>
Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year
30.07.2020
 Operating result before special items falls to EUR –0.8 (10.0) billion; in the other operating result, the fair value measurement of derivatives to which hedge accounting is not applied (in particular commodity hedges) and exchange rate effects of EUR –0.9 billion are virtually offset by a non-cash gain of EUR 0.8 billion on the contribution of AID into the auton more >>
MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
30.07.2020
2020     Fiscal Year 2020 (20/4-20/6)     Calendar Year 2020 (20/1-20/6) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%)Production &nbs more >>
BMW i Ventures Invests in GenXComm to Increase Speed and Lower Cost of 5G Rollout.
28.07.2020
BMW i Ventures announced today an investment in GenXComm, a company with ground-breaking technology that improves the performance and capacity of communication networks, and aims to significantly increase the speed of global 5G deployment. “GenXComm is ushering in the next revolution of computing and connectivity,” said Marcus Behrendt, partner, BMW i Ventures. more >>
Mitsubishi Motors announces Small but Beautiful mid-term business plan with renewed focus in Africa
28.07.2020
Mitsubishi Motors Corporation (MMC) announced its three-year mid-term business plan (from fiscal 2020 to 2022), called Small but Beautiful, to concentrate its management resources on its core regions and technologies, including Africa.The mid-term more >>
Groupe PSA remains profitable in H1 2020 despite Covid
28.07.2020
•    €25.1 billion Group revenue   •    3.7% Automotive division[1] adjusted operating margin[2] at €731 million•    Net result group share at €595 million more >>
MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars
28.07.2020
MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020. This investment will be approximatel more >>
MITSUBISHI MOTORS Announces Its Mid-Term Business Plan
28.07.2020
... Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustainable GrowthMITSUBISHI MOTORS CORPORATION (MMC) today  its three-year mid-term business plan (from fiscal 2020 to 2022), Small but Beautiful, to concent more >>
Daimler reports second-quarter 2020 results
23.07.2020
    Revenue of €30.2 billion (Q2 2019: €42.7 billion)    Positive industrial free cash flow of €685 million (Q2 2019: minus €1,302 million)    Industrial net liquidity of €9.5 billion (end of Q1 2020: €9.3 billion)    Adjusted EBIT of minus €708 million (Q2 more >>
Kia Motors announces Q2 2020 business results
23.07.2020
    Global vehicle sales totaled 516,050 units in Q2, down 27.8% y/y    Q2 sales revenue of KRW 11.37 trillion, down 21.6% y/y,     Q2 operating profit at KRW 145.1 billion, down 72.8% y/y    Global economic activity and auto demand affected by COVID-19 pandemic    more >>
Dr Christian Vollmer - New Production Board Member for Volkswagen Passenger Cars brand
21.07.2020
Dr. Christian Vollmer to be new Production Board Member of Volkswagen Passenger Cars brand  To succeed Dr. Andreas Tostmann, who has moved to MAN as CEO Dr. Christian Vollme more >>
Groupe Renault Worldwide sales results 1st half 2020
20.07.2020
    With the Covid-19 pandemic context, Groupe Renault sold 1,256,658 vehicles in the first half, with a strong commercial recovery in June. The Renault brand was thus the number one brand in Europe in June.    On the elect more >>
Porsche delivers 116,964 vehicles in the first half year
17.07.2020
Positive trends in Asia     In the first six months of 2020, Porsche supplied a total of 116,964 cars to customers worldwide. The coronavirus crisis and the resulting closures of Porsche Centres over a period of several weeks resulted in a more >>
Groupe PSA Worldwide sales at 1 Million units in the first semester
16.07.2020
•    Global sales almost doubled in June versus May, in the context of the coronavirus crisis•    Electrification of the PC and LCV range at high pace: 13  new models launched since beginning of 2019 and one innovative mobility solution with Citroën Ami•    The Group is among more >>
STELLANTIS The name of the new group resulting from the merger of FCA and Groupe PSA
15.07.2020
In a major step as they move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on 18 December 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be  STELLANTIS more >>
Cyrille Moreau appointed Groupe PSA director B to B
11.07.2020
    Cyrille Moreau will lead the Group's B to B sales and marketing operations    He will be attached to the Sales and Marketing department.  &nbs more >>
Ismaeel Hassen appointed CEO of FCA South Africa
10.07.2020
As part of a restructure across some African markets, Fiat Chrysler Automobiles (FCA) is pleased to announce the appointment of Ismaeel Hassen as CEO for South Africa. Out-going CEO, Pierre Martin Bos will now head up Morocco."The global more >>
Daimler shareholders support strategic direction with vast majority
09.07.2020
    Shareholders approved all items on the agenda at the virtual Annual Meeting    Actions of the members of the Board of Management ratified with 96.60% of the votes cast    Actions of the membe more >>
SEAT invests in its future with 5 billion euros by 2025
09.07.2020
    Planned investment of 5 billion euros by 2025 will be allocated to R&D projects to develop new models and to equipment and facilities, with the aim of taking on new projects specially to electrify the range    The co more >>
Leadership change at SKODA AUTO
09.07.2020
› Former CEO Bernhard Maier ends many years of successful work at ŠKODA AUTO› Successor will be elected in accordance with Czech law and subsequently announced at the first Board meeting of more >>
BMW of North America Reports Q2 2020 Sales Results
02.07.2020
BMW of North America announced Q2 2020 sales results for the BMW and MINI brands in the U.S.  For the sales period ending June 30, 2020, BMW brand sales totaled 50,957 vehicles, a decrease of 39.3% vs the 83,976 vehicles sold in the same time period last year.*  MINI brand sales totaled 5,288 vehicles, a decrease of 41.5% vs the 9,044 vehicles sold in the first quarter of 2019.* more >>
American Honda Sales Continue Recovery, Despite Inventory Issues and COVID-19 Business Challenges
02.07.2020
Steady sales reflect good demand while variable supplies limit potentialQ2      American Honda         Total 293,502 -27.9%Cars 122,665 -34.5%Truc more >>
Groupe PSA becomes a major player in connected car insurance
01.07.2020
•    A pioneer in connected vehicles, Groupe PSA uses on-board technology to enable an innovative insurance option that works remotely.•    With its Connected Insurance option, PSA Assurance motivates policyholders to drive respons more >>
Christian Müller appointed new Head of Powertrain & Chassis Engineering for the Group
01.07.2020
•    Christian Müller, current Opel R&D chief, succeeds Alain Raposo at Groupe PSA level with the same responsibilities•    Marcus Lott to follow Christian Müller as Vice President Opel/Vauxhall Engineering  more >>
Mitsubishi Motors announces production,sales and export figures for May 2020
29.06.2020
May 2020     Fiscal Year 2020 (20/4-20/5)     Calendar Year 2020 (20/1-20/5) Volume     YoY(%)     Volume     YoY(%)     Volume     YoY(%)Production    more >>
UK car production falls -95.4% in May as sector begins to restart
27.06.2020
    British car production falls -95.4% in May with plants either closed or restarting at reduced capacity.    Just 5,314 units roll off production lines as social distancing measures and market lockdowns restrict output.    Year-to-date UK factories turn out 324,763 cars, down -41.7% on 2019. more >>
UK Engine production down by -75% in May as manufacturing emerges from lockdown
27.06.2020
UK ENGINE MANUFACTURING (data for May 2020)    UK Auto builds 55,836 engines in May – skyrocketing from just 830 in April, but still down -75.0% on last year.    Dedicated support needed to a more >>
UK Commercial vehicle production down -61,6% im May as some factories stay closed
27.06.2020
    810 commercial vehicles built in May, down -61.6% as many plants remain shuttered amid coronavirus lockdown.    Year-to-date production down -29.8%, compared with an already low volume May in 2019 amid key model changeovers.1    Production for both home and overseas markets falls, down -60.3% and more >>
PSA Groupe - 2020 Combined General Meeting of shareholders
25.06.2020
Combined General Meeting of shareholders on June 25, 2020 The Annual General Meeting of Peugeot S.A. shareholders was held on Thursday, June 25, under the chairmanship of Louis Gall more >>
AUDI AG announces new date for Annual General Meeting
24.06.2020
   The 131st Annual General Meeting of AUDI AG will be held on July 31, 2020.        The shareholders’ meeting will take place as a virtual Annual General Meeting due to the corona pandemic.        CFO Arno Antlitz: “The health and protection of the shareholders have priorit more >>
Fastned issues new bonds with 6% interest
24.06.2020
This morning, fast charging company Fastned has started subscription to a new series of bonds. Similar to previous issues the bonds have a maturity of 5 years and pay out 6% interest per year. The interest is paid out per quarter in arrears. The bonds are 1000 euro apiece. more >>
2001-2021 copyright automobilsport.com