Volvo posts 6 percent increase in December sales as recovery continues

Automaker Volvo Cars said on Thursday its sales increased 6% in December, marking a continued sharp recovery from the lows previously this year in the wake of the coronavirus crisis.

The company, owned by China’s Geely Holding, said sales in the second half were the strongest in its history, while full-year sales declined 6.2% to 661,713 cars.

“We had a great second half of the year after a tough start, gaining market share in all our main sales regions,” said Lex Kerssemakers, head of Volvo’s Global Commercial Operations.

“We aim to build on this positive trend in 2021 as we continue to roll out new electrified Volvos and expand our online business.”

Volvo’s December sales in Europe declined by 1.8%, while China increased by 9.9% and sales in the United States increased by 15.2%.