• Sweden's news in English
 
app_header_v3

Volvo Cars sales rise on strong China growth

AFP/The Local · 9 Jan 2014, 16:10

Published: 09 Jan 2014 16:10 GMT+01:00

The Asian country became Volvo's first market at the end of last year, during which the company sold 427,840 cars, 1.4 percent more than in 2012.
   
"After six consecutive months of growing sales we can report a great full-year performance exceeding last year's results," Volvo Cars Marketing, Sales and Customer Service executive Alain Visser said.
   
"Our China team has delivered fantastic growth and we will continue to expand our presence there."
   
The figures vary sharply from country to country.
   
In the United States, still Volvo Cars' strongest market for the entire 2013, sales were down by 10 percent compared to 2012.
   
The company hinted at a need to broaden the product range in the country.
   
"We have new products reaching US showrooms soon," Visser said.    
 
In China, the 45.6 percent growth recorded in 2013 was distorted by an underestimation of sales in 2011 and an overestimation in 2012, detected by Volvo in the beginning of last year.
   
Last year, Volvo opened its second and third Chinese factories with the support of the China Development Bank.
   
In Sweden, its third largest market, Volvo Cars increased its market share to 20 percent, with sales up by 0.8 percent.
Story continues below…
   
The company, which intended to return to operating at breakeven in 2013 after repeated losses since the second quarter of 2011, did not provide any profit figures.
   
Volvo Cars, acquired by Geely in 2010, is independent from truck maker Volvo Group since 1999.
 

AFP/The Local (news@thelocal.se)

Your comments about this article

Today's headlines
Swedish woman bumps into bear near pub
This is not the bear Valeria Möller met in Skellefteå. Photo: Bernard Boehne

If you go down to the pub tonight...

Stockholm school segregates boys and girls in gym class
A gym class for first-graders. Photo: Anders Wiklund/TT

"Some of our girls want to be able to take off their veils and wear shorts and T-shirts in their classes," a teacher explained.

This Brit moved to Sweden and opened his dream café
Härnösand café owner Shaun Corby. Photo: Johanna Corby

Shaun Corby tells The Local how following his Swedish wife to Härnösand turned out to be the best move he ever made.

Missing Swedish billionaire found dead
In the early 1980s, Ericsson was known as the ’Golden boy’ of the west coast. Photo: Leif R Jansson/TT

Swedish entrepreneur and billionaire Christer Ericsson, who went missing during a fishing trip two months ago, has been found dead on the west coast.

Sweden Democrats try to woo pensioners
The party says the minimum pension ought to be raised by 10 percent. Photo: Emil Langvad/TT

Sweden’s far-right party on Saturday vowed to fight for the elderly, saying it will only support a government that is prepared to significantly hike pensions for those who struggle financially.

Swedish hikers found after missing for six days
The only trace is currently a mobile phone found in the area and which is believed to belong to one of the men. Photo: Henrik Montgomery /TT

Swedish police on Saturday found two elderly hikers who went missing in the Abisko mountain range six days ago.

Winds leave thousands of Swedes without power
The winds are also expected to blow away the warm weather that the Swedes have been blessed with in the past few days. Photo: Peter Arwidi / TT file picture

Strong gusts, forecast to reach up to 21 metres per hour, left thousands of people without power in Sweden’s northern regions on Saturday.

Migration agency ’to get rid of LGBT experts’
Photo: Christine Olsson/TT

An internal report looking at ways to make Sweden’s Migration Agency more efficient has proposed the agency gets rid of specialists dedicated to LGBT-related issues. The move has prompted the country’s main gay rights group to see red.

Sweden's Spotify hits 39 million subscribers
Spotify is gaining listeners. Photo: Erik Mårtensson/TT

Spotify has grown by nine million paying subscribers in five months, fending off competition from rivals.

Prosecutor wants asylum stabber convicted of murder
Prosecutor Linda Wiking. Photo: Adam Ihse/TT

The man was convicted of aggravated manslaughter for stabbing a worker to death at a home for young refugees in Sweden.

Sponsored Article
Malmö to host global skateboard championship
Travel
What are Sherpas doing on Sweden's highest mountain?
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Gallery
People-watching: August 24th
The Local Voices
'I want to be a businesswoman but I don’t care about money'
Blog updates

23 August

A Summer in Sweden (The Diplomatic Dispatch) »

"For our first year here in Sweden we decided to have all our holidays in Sweden.…" READ »

 

22 July

After the horror, carry on regardless (Globally Local) »

"This time last week, we were just digesting the horror of the Nice killings, in which…" READ »

 
 
 
Sponsored Article
The mystique of Asia - in the middle of Stockholm
National
Experts: Gothenburg grenade blast is 'part of a cycle of violence'
Sponsored Article
Why you should learn to trade (and just how easy it is)
Gallery
Property of the week: Karlsborg
National
Why Sweden could change its criticised detention laws
National
Watch this dog's reaction when she tries Swedish fermented herring
Sponsored Article
6 reasons expats use TransferWise to send money
Gallery
People-watching: August 19th-21st
Sponsored Article
'Sweden's Lauryn Hill' touches the country's musical soul
National
How to find student housing in Sweden
National
VIDEO: Swede films first Northern Lights of the season
Sponsored Article
6 simple travel hacks that will make your life easier
Gallery
People-watching: August 17th
Sponsored Article
Why expats choose international health insurance
Society
Swedish population nears ten million
The Local Voices
This Syrian artist found love in a Swedish library
Sponsored Article
Five easy ways to travel more often
National
Sex pigs halt traffic after laser attack on Pokémon teens. Only in Sweden.
Sponsored Article
Why you should attend an international job fair
Gallery
Property of the week: Hammarby Sjöstad, Stockholm
Sponsored Article
Five things Americans should know about voting abroad
Society
Drunk knight detained in Stockholm
National
Can you solve this Swede's strange Star Wars mystery?
Sponsored Article
Jordan: where history meets adventure
Gallery
People-watching: August 12th-14th
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
National
Swedes cheer first snow of the season
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
Gallery
People-watching: August 10th
Sponsored Article
Why Jordan is the ‘Different’ East
The Local Voices
Syrian presenter: Swedish media should make more shows in Arabic
Sponsored Article
6 simple travel hacks that will make your life easier
Travel
Watch the meteor shower in Sweden
Lifestyle
How to survive a crayfish party
The Local Voices
Gabriel mastered Swedish and got accepted onto a medicine degree in just 7 months
3,335
jobs available