Volvo sales growth continues, boosted by China, Europe
STOCKHOLM -- Volvo's vehicle sales rose 10.5 percent year-on-year in April, the tenth consecutive month of growth for the automaker.
Volvo sold 37,256 cars last month on the back of growth of 40 percent to 6,581 units in China, the company said in a statement today. U.S. sales increased 4 percent to 4,635 while sales in western Europe were up 6 percent to 13,737.
The company said strong sales of its new V60 series models had boosted U.S. sales, especially the V60 sportswagon.
Volvo is banking on strong growth in China to reach its target of annual sales of 800,000 cars by 2020.
The automaker's four-month global sales are up 10 percent to 145,426.
Reuters contributed to this reportContact Automotive News