May 2019: Volvo Cars US

[Drew Dowdell]

Volvo Cars posted strong sales in May, with volumes up 12.4 per cent compared with the same period last year.

The company sold 60,196 cars during the month, as China, Europe and the US all reported a growth in sales compared with the same period last year.

The double digit volume growth in May was led by the continued strong demand for Volvo’s award-winning SUV range led by the XC60, and followed by the XC40 and XC90. Volvo’s latest models, the V60 estate and the US-built S60 sedan, also contributed to the strong performance.

In the January to May period, Volvo sold a total of 278,051 cars – up 9.6 per cent, compared with the same period last year.

China reported a strong sales growth of 17.4 per cent in May compared with the same period last year. Total sales in the region reached 12,425 cars during the month. The growth came on the back of high demand for the locally assembled XC60 and S90 models.

European sales in May grew 16.9 per cent to 29,681 cars, led by strong demand for the XC60, followed by the XC40 and the V60 estate.

US sales reached 9,761 cars in May, up 4.5 per cent compared with the same period last year. XC90 was the best selling car in the region followed by the XC60.

A detailed break-up of regional sales is given below:

 

	May			January-May
	2018	2019	Change	2018	2019	Change
Europe	25,395	29,681	16.9%	131,267	144,164	9.8%
China	10,582	12,425	17.4%	49,792	54,503	9.5%
US	9,338	9,761	4.5%	37,754	40,186	6.4%
Other	8,224	8,329	1.3%	34,768	39,198	12.7%
Total	53,539	60,196	12.4%	253,581	278,051	9.6%

In May, the XC60 was the top selling model with sales reaching 17,510 cars (2018: 16,171), followed by the XC40, with total sales at 10,574 cars (2018: 5,413 units), and the Volvo XC90 at 8,621 cars (2018: 7,979 units).