Volvo Expects to Boost Car Sales 13% this Year
PARIS - Volvo Car Corp. expects a double-digit rise in unit sales this year, reported Automotive News and Reuters.
CEO Stefan Jacoby said the Swedish carmaker will sell 380,000 cars in 2010 worldwide, up 13 percent from the 335,000 cars sold last year.
Looking ahead to 2011, Jacoby told Automotive News Europe he expects recovery for Europe, where overall new-car sales were down 3.5 percent to about 9 million units in the first eight months. The decline is due mainly to the end of government-funded scrapping incentives that provides subsides to people who traded into their old cars for newer, more fuel-efficient models.
Jacoby said sales will stabilize in the near term and “we will see a steady growth,” adding: “Due to Volvo's product offerings, we will have good opportunities for growth not only in China but also in our core markets in Europe.”
Jacoby was speaking at the Paris auto show where Volvo launched the V60 station wagon.
More Industry
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →