Volvo Posts 26% Increase in Profits for Q2 2011

More and more people are turning to Volvo for their automotive needs, and at McKevitt Volvo, we're quite thrilled with the results. Specifically, the Swedish automaker has recently reported 26.6 percent increase in sales, and a profit of 600-million Swedish Kronor ($94-million).

Much of Volvo's success is being attributed to models like the Volvo S60 Sedan and the Volvo V60 Wagon in Europe. Regardless of what models are popular where, Volvo saw a market share increase in every market that their vehicles are represented in.

During the second quarter of 2011, Volvo was able to sell 129,919 vehicles in total. Compared to 2010's 97,884 units sold, it is easy to see that Volvo is on the rise. And, it becomes even more evident when you consider the whole year so far. In the first six months of 2011, Volvo sold 230,746 units, which marks a 30 percent increase from 2010.

"We are gradually returning to sustainable profitability although we have more work to do before we reach our objectives. A good sales increase is evident in many markets as we are working to revitalise the Volvo brand to attract more customers", says Stefan Jacoby, President and CEO, Volvo Car Corporation.1

If you'd like to see why Volvo is so hot right now, then be sure to check out our inventory of new Volvo models online. You can also browse our excellent selection of used Volvo cars as well. And, if you'd like to arrange a test drive, then please don't hesitate to contact us today.

Want more Volvo news? Make sure to stay tuned. McKevitt Volvo, located at 2700 Shattck Avenue Berkeley, CA 94705 is dedicated to keeping you informed!

Source: 1

Categories: News

We use cookies and browser activity to improve your experience, personalize content and ads, and analyze how our sites are used. For more information on how we collect and use this information, please review our Privacy Policy. California consumers may exercise their CCPA rights here.

; ;