The rise in world gross sales is primarily attributed to Volvo’s SUV vary, which contributed to 72.eight per cent of the general volumes, whereas the Volvo V60 property and S60 sedan have added to the general gross sales efficiency as effectively.
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SUVs have contributed 72.eight per cent in Volvo’s total world gross sales in July 2020.
At a time when automobile gross sales across the globe are dwindling owing to the coronavirus disaster, Volvo Cars has managed to file a double-digit progress within the month of July globally. The Swedish carmaker bought 62,291 items in July 2020 which is a rise of 14.2 per cent as in comparison with 54,546 items bought in the identical month final 12 months. The rise in gross sales is primarily attributed to Volvo’s SUV vary at 72.eight per cent of the general volumes, whereas the Volvo V60 Property and S60 Sedan have added to the general gross sales efficiency as effectively.
Additionally Learn: Volvo Sees Growth In US, China And European Markets In June
The Volvo XC60 was the bestselling mannequin within the January-July interval.
Europe continued to be the biggest marketplace for Volvo at 28,700 items as in comparison with 25,518 items, a rise of 12.5 per cent. The China market too witnessed an increase of 14 per cent at 14,410 items as in comparison with 12,639 unit bought a 12 months in the past. The US market can be amongst one of many three markets at 9,697 items in opposition to eight,795 items, recording a rise of 10.three per cent. Different markets too carried out significantly effectively witnessing an upsurge of 24.9 per cent at 9,484 items as in comparison with eight,795 items bought a 12 months in the past. That mentioned, the COVID-19 disaster did take a toll on Volvo’s year-to-date (YTD) gross sales that went down by 16 per cent within the first seven month of 2020. Volvo Automobiles bought three,32,253 items within the January-July interval as in comparison with three,95,372 items bought in the identical interval a 12 months in the past.
Additionally Learn: Volvo Cars On Recovery Path But Merger With Geely On Hold For Now
Gross sales of electrified fashions have doubled within the first seven months of 2020.
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In the course of the first seven months, the Volvo XC60 was the carmaker’s bestselling mannequin with complete gross sales of 96,622 automobiles adopted by the XC40 at 87,085 automobiles after which the XC90 at 46,669. Gross sales of Volvo’s electrified fashions doubled within the first seven months, in contrast with the identical interval final 12 months.
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