Volvo Cars posts 6% December sales rise as recovery continues

Volvo Cars posts 6% December sales rise as recovery continues
Reuters
Share
Font Size
Save
Comment
Synopsis

Volvo's December sales in Europe dropped 1.8%, while China grew 9.9% and sales in the United States jumped 15.2%.

Agencies
STOCKHOLM: Car maker Volvo Cars said on Thursday its sales grew 6% in December, marking a continued sharp recovery from the lows earlier this year in the wake of the pandemic .

The company, owned by China's Geely Holding, said sales in the second half were the strongest in its history, while full-year sales dropped 6.2% to 661,713 cars.

"We had a great second half of the year after a tough start, gaining market share in all our main sales regions," Volvo's head of Global Commercial Operations, Lex Kerssemakers, said in a statement.

"We aim to build on this positive trend in 2021 as we continue to roll out new electrified Volvos and expand our online business."

Volvo's December sales in Europe dropped 1.8%, while China grew 9.9% and sales in the United States jumped 15.2%.

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.