Economy Pushes Prices Downward for New Volvos
I just got this email, which says as a current Volvo owner I’m entitled to $1000 off ($1500 for XC90) a new Volvo. That’s in addition to “price reductions” and “Volvo allowances”. All this is marketing-speak for “we need to move cars, so we’re cutting prices.”
$28,400 for a new V70 (recently redesigned) is not bad at all. Adjusted for today’s dollars, I believe that’s less than the previous design/body style. And it’s a better car.
Economy Pushed Prices Downward
Bonus! 10 Interesting Volvo Facts
- In Latin, the word Volvo means: I spin. Today however the nearest meaning is “I roll”.
- Volvo was founded in 1924. The two founders were Gustav Larsson and Assar Gabrielsson.
- The ÖV 4 is the first Volvo car. The first car was sell-ready in 1927. The 2-Liter, 4-cilinder car got the nickname: Jakob.
- Volvo’s very first commercial vehicle was the Type-1 truck. The release year was 1928. In the same year, Volvo released the second car, the Volvo PV 651. Volvo manufactured a total of 1383 of both vehicles in the first year; of which automaker exported 27.
- This trend saw a sharp rise in 1932 when Volvo released a good amount of 10,000 vehicles, both trucks and cars.
- The company, however, started making a large-scale profit from the year 1935. The first luxurious car by Volvo was the PV36, which could carry six passengers at a time. The design of this iconic car paved the path for future Volvo cars to come. I came in the market with a price tag of 8,500 Swedish kronor.
- Volvo touched a landmark in 1941, with the sale of its 50,000th vehicle; this is a unique achievement considering the time when WWII was in full swing.
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