Volvo has never sold more cars – DN.no

– Volvo had a solid first half and sold more cars than ever before, Volvo CEO Håkan Samuelsson said on Thursday morning

Swedish automaker Volvo could see a sharp rise in sales in the second half quarter 2018. Volvo sold 148,493 units. 170.2 billion Swedish crowns worldwide in the second quarter. It is 14.6% higher than the second quarter of last year, when global sales finished 148.5 billion.

In the first half of 2018, sales totaled NOK 317.6 billion for the automotive group.

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World Growth

While Volvo has been selling well in the Nordic countries for a long time, it is mostly foreign markets that are currently driving Volvo sales. Last year, car sales in China grew by 18%, the United States by 40% and Europe by 6%.

China is Volvo's largest market, followed by the United States and Sweden. Europe Volvo 's largest market for global parts, with 52% share of sales in first half

Today, Samuelsson, CEO and CEO, believes that Volvo will be a major player in the international market.

– Throughout the period, he says.

Significant growth also in Norway

In Norway, 6188 new Volvo cars have been registered so far in 2018, according to the Traffic Advisory Board. It accounts for 8.8% of registrations in 2018, making Volvo the fifth-best-selling car brand in Norway

Last year, the number of Norwegian Volvo registrations was 5560 for the first half of the retail market, which represents a significant growth of 11.3%

Solid result

Volvo achieved a total turnover of 66 billion Swedish krona in the second quarter. Operating profit reached NOK 4.23 billion. The pre-tax result for the Swedish automaker ended at 3.89 billion Swedish kronor, corresponding to 3.58 billion Norwegian.

With solid numbers, Samuelsson expects 2018 to end as another record year for the company. (Terms) [19659019] Income 66039 52043 26.9% Operating Profit (in millions of SEK) 2018 2017 ] Modify Income ebit) 4226 3285 28.6% Profit before tax 3887 2960 31.3%