Volvo Sales Dropped 6.1% in 2012

Volvo saw a decline in vehicle sales in 2012, according to figures released by the company this week. The Swedish carmaker sold just under 422,000 cars during the year, a 6.1% year-over-year decline from 2011's figure. The firm attributed this mainly to challenging economic conditions in Europe and the phase-out of certain models.

The company did see a slight uptick in sales in its largest market, the U.S.. It sold 68,079 vehicles here during the year, or approximately 1% more than in 2011. But sales were down 11% in its native Sweden (to 51,832 cars), and they fell by a similar percentage in the crucial foreign market of China, where sales reached almost 42,000 units. A new manufacturing plant in Chengdu is expected to be up and running in the second half of 2013.

For 2013, Volvo, once a subsidiary of Ford (NYSE: F  ) , expects competition to "continue to be as fierce as in 2012". It did not provide information as to the sales it expects for this year.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2184715, ~/Articles/ArticleHandler.aspx, 9/25/2016 1:32:47 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:01 PM
F $12.17 Down -0.01 -0.08%
Ford CAPS Rating: ****