Volvo Cars achieves record first half sales in H1 201907/08/2019
It has been a record breaking first half of the year for Volvo Cars, sales wise. The carmaker reported sales of 340,826 units in the first six months of 2019, up 7.3% over the 317,639 cars sold in H1 2018.
China, US and Europe all reported steady growth for the six-month period, with China recording its highest ever first half and June sales volumes. During the period, Volvo said that it grew consistently faster than its premium competitors, gaining market share across these regions.
The H1 2019 performance came on the back of continued strong demand for Volvo’s SUV range led by the XC60, followed by the XC40 and the XC90. The company’s latest models – the V60 wagon, the V60 Cross Country and the S60 sedan – contributed as well. Volvo has also started the first deliveries of its mild hybrid offerings.
Breaking down sales by region, Volvo’s home market of Europe saw 6% growth, led by the XC40 and the XC60 SUVs, and the V60 estate. Total sales stood at 174,398 cars, with UK and Germany recording growth of 29.6% and 32% respectively. In the US, the Geely-owned brand sold 50,120 cars, up 5.2% year-on-year. The XC90, XC60 and XC40 led the way, as you’d expect.
China was Volvo’s best performing region in H1 2019. With 67,741 units, sales were up 10.2% y-o-y. Strong demand for the locally produced XC60 SUV and S90 sedan led the volume growth. In June, Volvo reported its highest sales ever for China in a single month with a total 13,238 cars sold, up 13.3%.
Globally, the XC60 continued to be Volvo’s top selling model with 97,203 units, followed by the XC40 with 61,864 units, and the XC90 with 47,818 cars.
Last year, Volvo set a new global sales record while breaking the 600,000 units milestone for the first time ever. Sales were up 12.4% to 642,253 units, and it was the fifth consecutive year of record sales for the carmaker. It’s now on course for six in a row, surely.
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