Volvo Cars breaks its sales record for 6th consecutive year

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For the 1st time in company's history, it sold over 700,000 cars. FMTNews Volvo

STOCKHOLM: Chinese-owned Swedish auto maker Volvo Cars said Thursday it sold a record number of cars in 2019 and expected continued growth in 2020 despite concerns over the new coronavirus.“I am very pleased to see that for the first time in our history we sold more than 700,000 cars,” CEO Hakan Samuelsson said.

Volvo Cars did not give an expected sales figure for 2020, only saying it expected “continued growth in sales and revenue.” Several car manufacturers, such as Japan’s Toyota, have suspended production at some of their plants in China as a consequence of the health crisis.

 

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