Categories: Business

Volvo Cars Posts 6% December Sales as Recovery Continues

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%.

Follow us on:

AriseNews

Recent Posts

Tinubu: I’m Not In Office For Personal Gain But To Serve Nigeria

President Bola Tinubu on Friday declared that his purpose for seeking the nation's number one…

7 hours ago

Kano Partners Tony Blair Institute to Unlock $23.5m Investment in Energy Sector

Kano state government is partnering Tony Blair Institute for Global Change to attract $23.5 million…

7 hours ago

Nigeria Says Legal Frameworks to Safeguard Country’s Biodiversity Being Reviewed

Nigeria's federal government has said it is currently reviewing the nation’s legal frameworks, among other…

7 hours ago

Abuja, Port Harcourt Airports Win International Awards

The Nnamdi Azikiwe International Airport, Abuja, and the Port Harcourt International Airport have been recognised…

7 hours ago

Tinubu Shelves Plans To Attend UNGA + Obaseki Clarifies ‘Do Or Die’ Statement On Edo Elections – Trending With Ojy Okpe

https://cdn.veri.app/13646108-d5ec-478b-a54c-b01f60dbca29.mp4 President Bola Ahmed Tinubu On Thursday directed Vice President, Kashim Shettima to lead Nigeria’s…

12 hours ago

Harris on Gun Ownership: ‘If Somebody Breaks In, They’re Getting Shot’

The United Sates (US) Vice President Kamala Harris has expressed her willingness to use her…

13 hours ago