Volvo Cars announces 14.2% increase in worldwide sales in July

Globally, Volvo Cars recorded excellent sales volumes in July, up 14.2% from last year.

The company sold 62,291 units in July, during which both Europe and the United States and China saw sales increase compared to last year. Growth has resumed in Europe, confirming the positive trend linked to the lifting of restrictions put in place to halt the Covid-19 pandemic. Volvo Cars sold 332,253 units between January and July.

The success of the Volvo SUV range is confirmed: the Volvo XC40 remains the brand's best-selling model in France (1,330 registrations in July 2020, 4,258 registrations since the start of the year) followed by the Volvo XC60 (417 registrations in July 2020 and 2,355 registrations since the start of the year) and the Volvo XC90 (101 registrations in July 2020 and 782 registrations since the start of the year).

This month's double-digit global growth was driven by the continued success of Volvo Cars' award-winning SUV lineup. The V60 station wagon and the US-made S60 sedan also contributed to this strong performance.

The plug-in models in the Volvo Cars Recharge range, equipped with 100% electric or plug-in hybrid engines, continue to attract buyers' enthusiasm. The share of Recharge models has more than doubled in the first seven months compared to the same period last year.

Recent data from IHS ranks Volvo Cars as the number one premium electric car brand in Europe for the first half of 2020, with Recharge vehicles accounting for almost a quarter of total registrations in the region.

Volvo Cars sold 332,253 units between January and July, a drop of 16% from the same period last year.

Volvo Cars sold 28,700 units in Europe in July, up 12.5% ​​from the same month last year. In the first seven months of the year, sales were down 24.1% year-on-year.

In the United States, sales continued to advance year-over-year to 9,697 vehicles in July, up 10.3% from a year ago. With 52,952 units between January and July, sales in the United States are down 10.1% from the same period last year.

In China, 14,410 units were sold in July, up 14% from last year. In the first seven months of the year, sales were down 0.3% from 2019.

The best-selling model in July is the compact SUV XC40, followed by the mid-size SUV XC60 and the large SUV XC90. SUVs represent 72.8% of the company's total sales for the month, up 63.4% from July 2019.

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