Volvo Cars Reports 11.3 Per Cent Growth In The First Two Months Of 2019

March 4, 2019 by Volvo

Volvo Cars' sales momentum remained strong in 2019 after the company posted an 11.3 per cent growth in global sales for the first two months of the year, compared with the same period last year. The company sold a total of 93,863 cars in January and February.

The sales growth in the first two months was led by the strong performance of Volvo's award winning SUV range led by the XC60, and followed by the XC40 and the XC90. The company's new cars, the V60 estate and the US-built S60 sedan, also contributed to the increased volumes.

In February, Volvo Cars sold a total of 43,184 cars – up 5.5 per cent as compared with the same month last year.

The company's European sales grew 12.9 per cent in the first two months of 2019 to 49,195 cars, compared to the same period last year. The double digit growth came on the back of strong demand for the XC60 and XC40 SUVs and the new V60.

In China, sales grew by 2.2 per cent to 18,473 cars in the first two months, compared with the same period last year. The growth was driven by the locally assembled XC60 and S90 models. In February the company sold 6,516 cars, down 0.2 per cent compared to February 2018.

In January and February US sales reached 12,489 cars, up 5.4 per cent, compared with the same period last year. XC60 was the bestselling model in the region during the month, followed by the XC90. In February total sales reached 6,635 cars, up 5.6 per cent.

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

February			January-February
	2018	2019	Change	2018	2019	Change
Europe	22,510	23,000	2.2%	43,571	49,195	12.9%
China	6,531	6,516	-0.2%	18,068	18,473	2.2%
US	6,283	6,635	5.6%	11,850	12,489	5.4%
Other	5,606	7,033	25.5%	10,880	13,706	26%
Total	40,930	43,184	5.5%	84,369	93,863	11.3%

In February, the XC60 was the top selling model with sales reaching 12 630 cars (2018: 10,308), followed by the XC40, with total sales at 8,176 cars (2018: 1,580 units), and the Volvo XC90 at 5,752 cars (2018: 6,607 units). The Volvo V40 and V40 Cross Country sold 4,196 units (2018: 6,109 units) and new V60 Estate sold 3,849 units in February.