Volvo Global performance in the first nine months of the 2017 has been moderately positive following the remarkable growth shown in the previous 7 years. Sales were sustained by moderate growth in Asia.
Following the positive performance reported in the period 2010-2016, during the first nine months of the 2017 Volvo has maintained the pace improving 7% with 410.000 global sales.
At regional-wise, the fastest growing areas are the ASEAN (+26.2%), the CIS (+21.5%) and Asia (including China, Korea, Japan and India), up 15.6% while sales fell down in North Africa and Pacific.
Global Automotive Database
Based on the over 750 millions vehicles sales downloaded within of GAD (Global Auto Database) collected and aggregated by hundreds selected sources covering over 140 vehicles markets worldwide, our “Brand Performance Reports” refer to registrations data.
Volvo Global Performance Report
In the period 2010-2016 Volvo global sales improved from 364.000 in the 2010 to 535.000 in the 2016, performing a Compound annual growth rate (C.A.G.R) of +7.8%, while the industry CAGR in the period was +4.6%.
In this period, Volvo gained two steps within the Global Car Brands Ranking landing in the 41st place.
Sales split at regional level confirmed in the 2016 the supremacy of the European region counting the 56.6% of total sales (it was 66.3% in the 2010). However, sales in Asia are improving share actually counting 23.1% (from 11.7%), while American sales declining at 18.4% of the total (from 19.6%).
In our report we figure out this brand’s sales data in 95 different countries, with forecast up to the 2022.
On top of all, in the 2016 there was China with 16.9% of global sales share (from 6.2% in the 2010), ahead of USA with 15.4% (from 14.8%), Sweden with 13.3% (from 14.7%), United Kingdom with 8.7% and Germany with 7.5%.
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