Volvo Cars reports global growth by 12.2% in May

Volvo Cars reported double-digit global retail sales growth of 12.2% in May compared to the same month last year, on the back of solid performance in all its three main sales regions.

Total sales for the month amounted to 47,247 cars, compared to 42,107 cars the year before. Growth for the first five months of 2017 was 8.9% percent. Volvo sold a record 534,332 cars in 2016 and is confident it will report another record this year.

The Asia Pacific region reported sales growth of 30.6 percent in May to 12,721 cars, boosted by a strong performance in China, Volvo’s largest individual sales market. Sales in the Americas region increased 10.4 percent to 7,574 cars. The increase came after a 12 percent increase in the US market to 6,202 cars.

On the other hand, the EMEA region increased by 5.4 percent in May to 26,634 cars. Europe’s most popular premium mid-size SUV, the XC60, remained Volvo’s best-seller in the region, followed by the V40/V40 Cross country. Volvo Cars reported double-digit global retail sales growth of 12.2% in May compared to the same month last year, on the back of solid performance in all its three main sales regions.