Volvo Cars have posted record figure for 2015 with 503,127 cars sold making it the first time it has sold more than half a million cars in its 89-year history. The new sales record highlights the strength and sustainability of Volvo’s ongoing operational and financial transformation. It is also an endorsement of the company’s new product strategy, with global sales boosted in the later stages of 2015 by the new XC90 SUV.
Volvo reported strong sales from all three core global regions. Sales in Europe rose 10.6% for the year to 269,249, representing 53.5% of total global volume. Volvo’s revival in the US gained momentum, with sales up 24.3% in 2015. China was flat amid a challenging sales environment, but looked stronger at the end of the year, with sales up 11.4% in the fourth quarter. These upward sales trends are expected to continue in 2016. The second of Volvo’s all-new model range the S90 premium saloon will be revealed to the public at this year’s North American International Auto Show (NAIAS) in Detroit and will go on sale in the US in the Spring. In four years, Volvo will have renewed its entire model range.