This week: Register for FREE subscriber access to autonews.com

Volvo's April sales grow 11%

STOCKHOLM (Reuters) -- Volvo Car Group's vehicle sales rose 11 percent year-on-year in April, the tenth consecutive month of growth for the Chinese-owned firm.

Volvo, which is owned by Zhejiang Geely Holding Group Co., said it sold 37,256 cars last month on the back of growth of around 40 percent in China and 20 percent in Sweden, whereas it also saw higher sales year-on-year in the United States for a second straight month.

The firm 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. Last year it sold 427,840 cars.

Tags: Sales Volvo

25

Shares

ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Newsletters