In March 2016, Volvo Car's global retail sales were 52,300 units, a year-on-year increase of 11.5%. In several major markets, Volvo's sales in February and March have all increased. The new Volvo XC90 crossover SUV is still the largest incremental source, contributing nearly 20% of sales.
In March 2016, Volvo Car Group achieved a retail sales volume of 52,279 vehicles worldwide, an increase of 11.5% over the 46,882 vehicles in March 2015, and continued to maintain double-digit year-on-year growth after February. In the first quarter, Volvo's global cumulative retail sales were 120,591 units, compared with 107,721 units in the same period last year, up 11.9% year-on-year.
Volvo achieved a year-on-year increase in sales in several major markets.
In the single market with the highest cumulative sales volume, Volvo sold 7,542 units in March, up 13.9% from March 2015. The growth rate is much higher than the 1.1% in February, while the latter has seasonal factors. In the first quarter, China maintained Volvo's largest market position with 19,636 units, up 13.4% year-on-year from 17,311 units in the same period last year.
The market with the second-highest sales volume last month was the United States. From 5,916 vehicles in March, it increased by 15.9% year-on-year to 6,857 units. In the first quarter, it increased by 19.2% from 13,723 units to 16,361 units. The United States is also the largest consumer of the new Volvo XC90.
In March, Sweden increased by 11.4% from 5,775 units to 6,432 units; in the first quarter, it increased by 13.9% from 14,093 units to 16,047 units.
Western Europe's Volvo brand sales last month were 23,295 units, up 21.0% from 20,504 units in March 2015; in the first quarter, 43,522 units jumped 13.6% year-on-year to 49,286 units.
In other markets, Volvo's sales increased by 1.1% last month, with a cumulative increase of 0.9% in the first quarter.
New XC90 contributes the most increments
According to the model, the Volvo XC60 is still the highest-selling model, but global sales last month fell by 7.8% from the year of 15,925 units to 14,676 units, down 36.709 units from the 36,709 units in the first two months to 34,315 units.
The second-generation new Volvo XC90 achieved 8,541 global sales last month, accounting for nearly 20% of Volvo's total sales. In the first quarter, the cumulative sales volume was 20,815 units. This means that the new XC90 is still the largest source of incremental growth in Volvo sales. The car went on sale in April last year, but only sold one vehicle in the world that month.
In the US alone, the new XC90 sold 2,472 units in March, with a cumulative total of 4,847 units in the first quarter. In March, XC90 sold 3,000 vehicles in the US, accounting for more than 40% of Volvo's sales in the US. In the first quarter, the XC90 sold 7,847 units in the United States, accounting for 47.9% of Volvo's sales in the US, almost half of the total.
Among other high-selling models, the Volvo S60L long-wheelbase sedan sold 2,872 vehicles in March, compared with 1,925 vehicles in March last year, up 49.2% year-on-year; cumulative sales in the first quarter were 6,773 units, compared with 5,156 units in the same period last year, up 20.7% year-on-year. %.
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