Coronavirus Hitting Volvo’s Sales in China

The global contagion known as Coronavirus is affecting Volvo sales in China, where they were down 8%. The U.S. however was up 18.2%.

The global contagion known as Coronavirus is affecting Volvo sales in China, where they were down 8%. The U.S. however was up 18.2% in the same February 2020 timeframe.

Will U.S. sales decline in March now that the virus is in North America? Only time will tell.

Volvo Cars reported global sales of 39,742 cars in February, down 8 per cent compared with the same period last year, as volumes were impacted due to continued sales pressure in China as a result of the coronavirus.  The ambition is to recover the lost volumes through global sales throughout the remainder of the year.

Volvo Cars’ other regions maintained growth momentum for the month, with volume increases of 18.2 per cent in the United States and 1.9 per cent in Europe in February compared with the same period last year.

https://www.media.volvocars.com/us/en-us/media/pressreleases/263751/volvo-cars-reports-global-sales-of-39742-cars-in-february

Leave a Reply