Volvo Cars Sales Grow 7.4% in April

Volvo Cars have reported global sales growth by 7.4 percent in April. As per Volvo’s press release on Friday, this year’s results represent a gain compared to last year’s results over the same period.

April saw the company sell a total of 56,535 cars. All its regional sales including Europe, China, and the U.S., among others, reported growth when compared to last year’s sale in the same month.

For the period of January to April, the company’s sales rose by 8.9 percent which is 217,855 cars compared to last year’s first quarter results.

The company’s award-winning SUV range, together with a supposed continued strong demand, has boosted the voluminous growth in April.

The leading contributor is XC60; in second place is XC40 then XC90. The company also said that the V60 estate together with the U.S built S60 sport sedan which is all new models in the market have increased the sales volume.

Considering sales per region, China’s reported sales grew immensely by 16.8 percent in April. For the whole month of April, total sales were 12,192 cars. The increased demand for the locally manufactured XC60 and S90 models boosted greatly China’s sales.

Sales from Europe in the month of April rose by 6.1percent to 27,963 cars. Similarly, there was increased demand for volvoXC40 as well as XC60 which strongly backed the growth. The new Volvo V60 estate which is considered stylish and comfortable has also contributed greatly.

Compared to the U.S. last year’s sale in April, this year marked a rise of 0.4 percent hitting 8,367 cars sold in the U.S. The first highest selling car was XC90 and XC60 was the second in the U.S.

Volvo Cars which was bought by China’s Geely back in 2010 has offered employment to 43000 people globally.

The premium car manufacturer has set a record of increased sales continuously which raises its game over other pronounced rivals like Mercedes and BMW.

The Swedish luxury car maker cautioned earlier this April that increased trade tariffs and weakening demand for cars globally would affect its 2019 margins. This followed the company’s 21 percent decline in Q1 profits.