[caption id="attachment_9784" align="aligncenter" width="576"] Image Credit - Economic Times[/caption]

 

Automaker giant Volvo Cars announced on Thursday that the company has experienced a 6% growth in its sales alone in December 2020. The company has faced a massive decline in its sales since the pandemic hit the whole world.

The car making company is owned by China's Geely Holding. The spokesperson of the company stated that the second half experienced the highest sales but the sales all over the year stooped 6.2% to 661,713 cars.

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

He also mentioned in the statement that the company aims to ‘build on this positive trend in 2021’ as they continue to produce new electrified Volvo models. They also hope to expand their online business, now more than ever.

The sales of Volvo Cars stooped almost 1.8%. In China, there was a sales growth of 9.9% and in the US the growth was nearly 15.2% in December last year.

 
Thursday, May 9, 2024