- Volvo Cars
Volvo Cars has posted strong sales numbers in its third quarter interim report. The Geely-owned car group sold 413,472 cars in the first nine months of 2017, a 9 percent increase on last year. The company says it’s on track for a fourth consecutive year of record sales.
Vovlo Cars’ global sales in September grew by 11,2 percent, boosted by the Volvo 90-series and the launch of XC60-model, writes Dagens Industri (Di).
For September, the U.S. market stood out, with a remarkable 40,7 percent sales bump. However, overall sales in America in the first three quarters of 2017 shrunk by 1,7 percent.
September’s turnaround was expected after a devastating hurricane season that damaged up to a million vehicles, Di says, citing estimates by Cox Automotives. Other contributing factors were a stronger American economy, and an additional day of sales compared to September last year.
Volvo’s competing brands also boosted sales in the U.S. last month: General Motors by 12 percent, Toyota 15 percent and Ford 9 percent.