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Volvo' s Latest Sales Report Is Beyond Impressive
Sep. 05, 2020 8:31 AM ET by Sebastian Cenizo Industry News / Comments What global economic downturn? A couple of months back, we reported how Volvo was performing remarkably well despite tough global economic conditions, and companies like Porsche were also able to return to success at the halfway point of 2020. For Volvo, that winning streak is continuing, with the Swedish company reporting an increase of 7.2 percent in its sales globally for August compared to the same period last year. Europe, China, and the US all reported more sales, culminating in 51,239 cars being sold during the month. As expected, it's SUVs that bore the brunt of this demand, particularly its fully electric and plug-in hybrid offerings. These Recharge models took up double the share that they did over the same period last year. Volvo Volvo Volvo European sales of Volvo cars reached 17,458 units sold in August, up 4.9 percent, despite a 21.9 percent decline in sales for the year to date compared with the first eight months of last year. China saw an increase of 11.4 percent, selling 15,835 cars, and interestingly, this market showed an increase of 1.5 percent for the year to date. Sales in the US grew 12.9 percent for the month, reaching 10,378 cars, although overall sales for the year to date declined seven percent to 63,330 cars. So which car was responsible for most of these sales? The XC60 mid-size SUV topped the charts, the compact XC40 following in second place. The most expensive and biggest SUV, the XC90, took home third place. Volvo Volvo Volvo According to Volvo, SUVs accounted for 70.7 percent of the brand's total sales, a growth of 63.3 percent for the month compared to August 2019. Online activities also flourished, with Volvo reporting "a positive trend in August with increased demand for Volvo Cars' subscription offer Care by Volvo in markets where the service is available." With great build quality, an uncompromising focus on safety, and impressive hybrid and fully electric tech, Volvo's positive upward trend is likely to continue well into 2021 and further. Perhaps the future will see the battle for EV supremacy fought between Volvo, Polestar, and Tesla. Whatever happens, the competition had better up its game or get left behind. Volvo Volvo Volvo Join The Discussion
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Volvo XC90 Volvo XC60 Volvo XC40 Sebastian Cenizo Senior Editor Sebastian jumped straight into the workplace after high school. Various vocations in sales, logistics, and project management helped him buy and modify several cars over the years, while his passion for motoring journalism saw him contribute to local print media while running car enthusiast clubs. But in 2019, the opportunity to join CarBuzz arrived. Originally handling reviews of new cars, his love of the technical led to writing detailed blog posts on various aspects of car care and ownership. He currently handles news sourcing, writing, and editing, along with social media management and the clarification of patent lingo. In his spare time, he's either reading, driving, or looking to collect more BMW Performance parts for the E82 and E9X platforms. Contact Sebastian @sebz_tsc @sebz_7 LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top