Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Volvo sold 62,291 cars globally in July, up by 14.2pc from the year prior. Sales recovered in Europe, the US, and China, driving the carmaker’s overall performance to improve. Sustained demand for Volvo’s Car resulted in double-digit growth in July.


Sales in Europe turned positive only in July as COVID-19 restrictions were relaxed in most countries, said the company. In the continent, they rose by 12.5pc from the prior-year July to 25,518 units. Sales in the Jan-July period, however, declined by 24pc. Volvo’s electrified brand in Europe fared well in the first seven months.


US sales in July reached 9,697 cars, up by 10.3pc from July 2019. From Jan-July, sales declined in the US by 10.1pc to 52,952 cars compared to last year.


China’s sales rose by 14pc to 14,410 cars compared to the prior year. In China, Jan-July sales fell by a marginal 0.3pc from the year prior. 

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