Economic news

Volvo Cars September Sales Rise 25%, Demand Up in China

STOCKHOLM, Oct 5 (Reuters) - Volvo Cars' sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in the U.S. and Europe, the Sweden-based group said on Thursday.

In August, the group's total sales were up 18% on the back of increased demand in Europe and the U.S. while sales fell in China.

Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement on Thursday that September sales were up 65% in the U.S., 32% in Europe and 4% in China.

Sales of fully electric cars were up 52% to account for 15% of all its cars sold in the month. All recharge models - also including hybrid cars - grew 37% to account for 34% of total sales.

Shares in Volvo Cars, which targets double-digit retail sales growth for the full year, were up 2% in early trade.

Reporting by Anna Ringstrom, editing by Essi Lehto

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree