December 2013: Volvo Cars of North America, LLC

[William Maley]

Volvo Announces December and 2013 Full Year Sales

ROCKLEIGH, N.J. (Jan. 3, 2014) - Volvo Cars of North America, LLC, (VCNA) remained Volvo Cars’ largest market for 2013 at 61,233, just nudging out its China operation. The S60 sports sedan and XC60 crossover were the two best sellers for the year, with 23,210 and 19,766 units sold respectively. Volvo Car Corporation remains committed to growing its position in the U.S. and anticipates sales in 2014 will bolster that position with the introduction of the new Drive-E engine family with best-in-class fuel economy, along with the launch of the highly-anticipated V60 sportswagon.

Volvo reported December U.S. sales of 4,888 units, a 20.5 percent decrease from December 2012, due to a planned strategy to move away from fleet and focus on retail sales. Sales from the previous December were impacted by the replacement of vehicles lost in Hurricane Sandy. Additionally, VCNA first launched its captive finance arm, Volvo Car Financial Services, on Dec. 1, 2012 which benefited from pent-up demand for consumer financing. For the full year, U.S. sales are down 10.1 percent versus 2012, with planned growth in 2014.