Volvo Cars achieved a new record in its global sales for 2018, with over 600,000 cars sold, the first ever since the company was founded in 1927. The sales have grown by 12.4% to 642,253 cars in 2018. This is the fifth consecutive record year for Volvo globally, with the company selling 571,577 vehicles in 2017.
The new record-breaking achievement in 2018 reflects the increased demand for Volvo’s revamped product portfolio models, driven by the award-winning SUV range in the major US, Chinese and European regions. In December, the company sold 60,157 cars, 2.8% more than in the same period last year.
Between January and December, the company’s sales in the US rose by 20.6%, or 98,263 cars, compared to the same period a year ago. This outstanding performance is due to the increased demand for SUV models, headed by the new HS60. The first cars of the new S60, which are being launched in the US, have already begun to be delivered to worldwide dealers and are expected to contribute to sales growth in 2019.
Volvo’s sales in China rose by 14.1% to 130,593 vehicles in 2018 compared to the same period of the previous year. Demand in this region is driven by the XC60 and S90 models.
Europe also reported a strong performance during the year. The sales grew by 6.4% to 317,838 vehicles in the 12-month period, compared to 2017. Success in Europe is driven by the new V60 and XC40 models.
In the past year, the Volvo XC60 was the world’s best-selling model with sales of 189,459 vehicles (compared to 184,966 cars in 2017), followed by the XC90 with 94,182 cars globally (compared to 87,518 cars in 2017).