Volvo's SUV lineup and strong sales in China drive global sales figures, while the U.S.A and Europe continue to do well.
Volvo Cars has reported a record first-half year of sales in 2019 at 340,826 cars, up 7.3% compared with the same period last year. The company sold 317,639 cars in the first six months of 2018.
The XC40 remains a popular model in Europe, where sales grew 6% China, the U.S.A and Europe all reported a steady growth for the six-month period, with China recording its highest ever first half and June sales volumes. During the period, Volvo grew faster than its premium competitors, gaining market share across these regions.
The first half performance came on the back of continued strong demand for Volvo's award winning SUV range led by the XC60, followed by the XC90. The company's latest models, the V60 estate, the V60 Cross Country and the S60 sedan contributed to increased volumes as well. Volvo has also started the first deliveries of its mild hybrid offerings to customers.
For the first six months, European sales of the company remained steady with a growth of 6%, led by the XC40 and the XC60 SUVs and the new V60 estate. Total sales in the January to June period reached 174,398 cars, with U.K. and Germany recording a growth of 29.6% and 32% respectively.
The XC90 continues to be popular in the U.S.A. where it contributed to a sales growth of 5.2% The company reported its highest ever first half year sales in China of 67,741 cars, up 10.2%, compared to the same period last year. Strong demand for the locally produced XC60 and the S90 models led the volume growth in the six month period. In June too, Volvo reported its highest sales ever for China in a single month with a total 13,238 cars sold, up 13.3%.
Volvo's U.S.A sales reached 50,120 cars in the first half of the year, up 5.2% compared to the same period last year. The company's SUVs led by the XC90, XC60 and the XC40 remained popular in the region, contributing to the volume growth for the period.
Globally, the XC60 continued to be the top selling model, followed by the XC40, and the XC90.