XC90 Is Pace-Setter in January Sales for Volvo ... 12.8 percent increase in North America
IRVINE, Calif., Feb. 3 -- Volvo Cars of North America, LLC
(VCNA) sales are up 12.8 percent for January, over the same period last year,
marking the third month in a row of sales increases. Led by the Volvo S60, and
Volvo's first SUV, the XC90, the results signal a strong beginning of the year
for the brand.
"The waiting list for the XC90 continues to grow rapidly with demand
consistently outpacing supply," says Volvo Cars of North America president and
CEO Vic Doolan, "It's performance in the market is no doubt influenced by the
fact that it has now received no less than 13 major awards in North America
alone -- surely making it one of the most rewarded vehicles ever."
With demand for the V70 XC wagon also outpacing supply from the factory
and with XC90 back-orders extending well into the second quarter, the outlook
for the Swedish marque appears bright. Earlier this month Volvo announced that
it has stepped up production levels at its assembly plant in Torslanda in
order to meet the volume of orders.
Overall, 9,991 unit sales were recorded for Volvo's NAFTA (North American
Free Trade Agreement) nations, which includes (Canada, Mexico, the United
States and Puerto Rico).
In the United States (including Puerto Rico), the total sales volume of
9,255 represented a 13.2 increase for the month. Sales of 556 for Canada and
180 for Mexico were, up 15.8 percent and down 9.1 percent, respectively.
VCNA is part of the Volvo Car Corporation of Goteborg, Sweden. The
company provides marketing, sales, parts, service, technology and training
support to Volvo automobile retailers in the United States, Canada, Mexico and
Puerto Rico.
The 2003 Volvo automobile line includes the award-winning XC90, the sporty
S60 sedan, the flagship S80 luxury sedan, versatile V70 wagon and rugged Cross
Country, the C70 convertible, and the compact S40 and V40 models.
VOLVO CARS OF NORTH AMERICA, LLC
Retail Sales by Model
UNITED STATES
January Year-to-Date
2003 * 2002 % 2003 * 2002 %
Volvo Model
S40 1,072 994 7.8% 1,072 994 7.8%
V40 251 218 15.1% 251 218 15.1%
S60 2,782 2,743 1.4% 2,782 2,743 1.4%
V70 765 943 -18.9% 765 943 -18.9%
XC70 1,383 1,666 -17.0% 1,383 1,666 -17.0%
C70 257 179 43.6% 257 179 43.6%
S80 1,075 1,433 -25.0% 1,075 1,433 -25.0%
XC90 1,669 n/a n/a 1,669 n/a n/a
Other 1 n/a n/a 1 n/a n/a
USA TOTAL 9,255 8,176 13.2% 9,255 8,176 13.2%
CANADA
January Year-to-Date
2003 2002 % 2003 2002 %
Volvo Model
S40 114 61 86.9% 114 61 86.9%
V40 59 32 84.4% 59 32 84.4%
S60 183 166 10.2% 183 166 10.2%
V70 42 39 7.7% 42 39 7.7%
XC70 102 153 -33.3% 102 153 -33.3%
C70 3 3 0.0% 3 3 0.0%
S80 28 26 7.7% 28 26 7.7%
XC90 25 n/a n/a 25 n/a n/a
CANADA TOTAL 556 480 15.8% 556 480 15.8%
MEXICO
January Year-to-Date
2003 2002 % 2003 2002 %
Volvo Model
S40 84 71 18.3% 84 71 18.3%
V40 2 4 -50.0% 2 4 -50.0%
S60 63 94 -33.0% 63 94 -33.0%
V70 0 2 -100.0% 0 2 -100.0%
XC70 4 8 -50.0% 4 8 -50.0%
C70 0 1 -100.0% 0 1 -100.0%
S80 14 18 -22.2% 14 18 -22.2%
XC90 12 n/a n/a 12 n/a n/a
Other 1 n/a n/a 1 n/a n/a
MEXICO TOTAL 180 198 -9.1% 180 198 -9.1%
NAFTA
GRAND TOTAL 9,991 8,854 12.8% 9,991 8,854 12.8%
* USA Totals include Puerto Rico for 2003