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Volvo Cars September Sales Rise 25%, Demand Up in China (Reuters)

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The article below is sourced from Reuters Wire Service. The views and opinions expressed in this story are those of the Reuters Wire Service and do not necessarily reflect the official policy or position of NADA.

Volvo Cars' sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in the U.S. and Europe, the Sweden-based group said on Thursday.

In August, the group's total sales were up 18% on the back of increased demand in Europe and the U.S. while sales fell in China.   

Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement on Thursday that September sales were up 65% in the U.S., 32% in Europe and 4% in China.   

Sales of fully electric cars were up 52% to account for 15% of all its cars sold in the month. All recharge models - also including hybrid cars - grew 37% to account for 34% of total sales.

Shares in Volvo Cars, which targets double-digit retail sales growth for the full year, were up 2% in early trade.      

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