Volvo delivers 507,704 cars in the first nine months of 2019 – 7.4% YoY gain; net revenue also up by 8.5%

Volvo delivers 507,704 cars in the first nine months of 2019 – 7.4% YoY gain; net revenue also up by 8.5%

Volvo Cars has released its global sales and financial results for the first nine months of 2019, where the former saw 507,704 cars delivered, which is a 7.4% increase compared with the same period last year. For the third quarter of 2019, the Swedish carmaker shifted 166,878 cars, which itself is a 7.7% gain from what was recorded in Q3 2018.

Looking at the breakdown of the figures, Volvo’s XC range of SUVs (XC40, XC60 and XC90) remains the most popular among its customers, with 312,945 units sold over nine months, and 106,055 units sold in Q3 2019.

Meanwhile non-SUV models like the S90, S90 Cross Country, S60, V60, V60 Cross Country and others made up the remaining amount, with 194,759 units delivered in the first nine months, and 60,823 units in Q3 2019.

Volvo delivers 507,704 cars in the first nine months of 2019 – 7.4% YoY gain; net revenue also up by 8.5%

In terms of markets, China is the biggest for Volvo, with 109,512 cars delivered there from January to September, with the United States (77,432 cars), United Kingdom (44,513 cars) and the carmaker’s home market (43,568 cars) following after.

Thanks to an encouraging Q3 2019, Volvo’s net revenue at the end of the period stood at 64.827 billion Swedish krona, which is 14.2% higher than in Q3 2018. Over the first nine months, the company recorded a net revenue of 194.922 billion Swedish krona, or 8.5% more than the same period last year.

The carmaker expects continued growth in sales and revenue for the rest of the year, backed by a renewed product portfolio and increased production capacity, although it is wary of continued pressure on margins due to market conditions.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • Volvo Lotus Geely > All

    Like or Dislike: Thumb up 9 Thumb down 3
    • Abang2 Basikal Lajak on Oct 31, 2019 at 3:08 pm

      We must thank Geely for their vision.

      Just like Proton. In 6 months, Li Chunrong managed to identify all the leakages and plugged it.

      Pity our local CEOs could not identify any leakage the past 30 years.

      Now Proton is doing so well.

      Well done Geely. Pls bring success to Proton too. We need your intelligence and hard work

      Like or Dislike: Thumb up 28 Thumb down 9
      • Without the help from Geely, Li Chunrong and China, Proton today already close shops and game over

        Like or Dislike: Thumb up 7 Thumb down 7
        • Ajibkor on Oct 31, 2019 at 6:15 pm

          Geely Proton sukses. I’m proven right again..

          Like or Dislike: Thumb up 5 Thumb down 0
        • Steven Lim on Oct 31, 2019 at 7:06 pm

          Proton is doing well also because of Li Chunrong.

          Past 30 years, Proton did not do well with abang abang CEO. Now, Proton only become distributor for China cars

          Like or Dislike: Thumb up 5 Thumb down 5
          • Troll Hunter on Oct 31, 2019 at 11:21 pm

            You sure love “talking” to yourself, don’t you? Too bad only you agree with yourself.

            Like or Dislike: Thumb up 5 Thumb down 0
      • Sick & Tired on Nov 01, 2019 at 8:21 am

        You mean the highly paid Ford CEOs in Volvo could not identify any leakage in the decades they had Volvo? Who would have thought those highly qualified mat salehs also have the same problem. so local CEOs ain’t so bad after all.

        Like or Dislike: Thumb up 7 Thumb down 0
    • Abang2 Basikal Lajak on Oct 31, 2019 at 3:10 pm

      I hope more people from Mainland come to Malaysia and teach us how to run our companies better.

      Proton success now is a good example. From a dead company, it is roaring back like a lion.

      Pls bring in more Mainland people to run our GLCs and even Putrajaya. Productivity will surely 10 fold!

      Like or Dislike: Thumb up 20 Thumb down 13
      • hantu on Oct 31, 2019 at 5:14 pm

        why do u want to get those chinese to come here?? this is not chinese land la

        Like or Dislike: Thumb up 7 Thumb down 6
        • The people running the government whether BN or Pakatan is the same lazy type of people Madey was talking about

          Like or Dislike: Thumb up 4 Thumb down 2
          • Beautiful Sally on Nov 01, 2019 at 9:58 am

            Volvo car volume is increased little bit but Its market share keep dropping. Why dont Volvo show actual market share to tell the truth? Volvo needs 20 years to catch up with number of mercedes in the road under condition mercedes stop selling today.

            Like or Dislike: Thumb up 2 Thumb down 3
      • cannot on Oct 31, 2019 at 6:31 pm

        Majority will think that DAP is taking over the country. Lol

        Like or Dislike: Thumb up 4 Thumb down 1
    • Shukor bin Azman on Oct 31, 2019 at 3:14 pm

      Many Proton fanboys say why buy the XC60 or the XC90 because the Proton X70 is better and also has Volvo technology. They even say Proton X70 is many times better than XC90

      Aiyoooo yooo fanboys, if PRoton X70 was so good, nobody will buy Volvo lah like that and sales of Volvo would be ZERO

      Like or Dislike: Thumb up 6 Thumb down 10
      • Chukur on Oct 31, 2019 at 3:59 pm

        Nope…so far only u bring up the topic and liking yr comment.

        Like or Dislike: Thumb up 11 Thumb down 1
      • tokmoh. on Oct 31, 2019 at 5:05 pm

        Which “many Proton fanboys” is that?

        Volvo is Proton’s big brother in Geely family, what kinda fanboy talk shit on fellow family member?

        Nice try hater, but your ignorance doesn’t lie.

        Like or Dislike: Thumb up 10 Thumb down 2
        • P1 basher so desperado now, even creating 3 dupe names to comment here. You can see their sales r going down while P1 is surging like a typhoon. Its gonna blow P2 out the water like a Category 5 storm.

          Like or Dislike: Thumb up 3 Thumb down 0
        • Super Volvo Kaki on Nov 01, 2019 at 12:46 am

          The car is a failure in Asia market. In Europe, volvo sell at price of VW, thats why it has little increased from the very little volume may be.

          Like or Dislike: Thumb up 4 Thumb down 6
          • Sure bro. Speaking like someone who never left the country much less been to Europe. In reality, Volvo prices are on par with the German Big 3.

            Like or Dislike: Thumb up 6 Thumb down 3
  • Reality checks on Nov 01, 2019 at 7:41 am

    A few foreign expats wont save a company. It takes a collective effort from all levels in the company. This said, it is paramount that business is run by qualified ppl, free from political influences. I think, historically, politicians never make very good business ppl. The other way, maybe… appreciate any comment. Thanks.

    Like or Dislike: Thumb up 5 Thumb down 0
 

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