STOCKHOLM (Reuters) -- Volvo said its vehicle sales rose 13 percent in October, logging a 16th straight month of growth on the back of strong demand in China and Europe.
Volvo sold 40,680 cars in the month as sales expanded 36 percent in China and 12 percent in Europe. U.S. sales grew by 1.4 percent, Volvo said in a statement Monday.
Year-to-date, sales were up 9.5 percent at 379,880 vehicles.
The company said the UK led growth in Europe in October with the XC60 crossover as the main driver on the increased volume. In the U.S. growth was helped by the S60 and XC60 models.
In China, the S60L sedan was the best-selling model, followed closely by the XC60.
Volvo said 10-month sales in China, the company's largest market, have already passed the full-year result for 2013.
Volvo is banking on strong growth in China, the home of its parent Zhejiang Geely Holding Group, to double sales to 800,000 cars by 2020 and gain economies of scale to compete with BMW, Mercedes-Benz and Audi.
Automotive News Europe contributed to this report