Volvo Car AB of Sweden reported sales grew 7% year-over-year in October to 54,317 vehicles.
The company reported demand remains robust, especially for electric and plug-in hybrid models.
Volvo Car AB Reports Sales Rose in October
Volvo Car AB of Sweden reported sales grew 7% year-over-year in October.
November 4, 2022
Volvo Car AB of Sweden reported sales grew 7% year-over-year in October.
IMAGE: Volvo
1 min to read
Volvo Cars, which is majority-owned by Chinese automotive company Geely Holding, reported fully electric vehicles account for 15% of its sales. Recharge models, including those not fully electric, comprised 37% of total sales.
Volvo Car AB reported a drop in quarterly operating profit a week ago because of higher component and materials costs and slightly lower wholesale volumes in 2022 than in 2021.
More Dealer Ops
DOWC Powers the Future of F&I for NESNA
Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.
Read More →
Six Powerful Questions
Take the time to answer these and lay the groundwork for a successful year-end.
Read More →
Sunny Side Up
Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.
Read More →
Is It Time to Rethink Business Development Centers?
Their role at automotive dealerships is essential today to give salespeople time to close deals.
Read More →
Maximizing Revenue Potential
The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.
Read More →
How to Optimize Liquidity in a Fluid Environment
It's wise to not take your dealership's banking relationships for granted.
Read More →
Store Names First Female Dealer Principal
Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.
Read More →
Masters in Training
Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.
Read More →