parking lot full of cars with urban skyline in the background
Archive photo of a Volvo factory in Chongqing, China. Credit: Yvonne Åsell / SvD / TT

Another sales record for Volvo Cars

1:16 min

For the first time ever, the Chinese owned, Swedish headquartered auto manufacturer Volvo Cars has sold more than 600,000 cars in a year.

Press spokesperson Stefan Elfström tells Swedish Radio News that it's the fifth year in a row that they've had a global sales record and that they're demonstrating growth in all regions.

On the American market, the number of cars the company sold was up by 20 percent, and in the company's single largest market, China, it was up 14 percent.

But 2018 has presented some economic challenges for the company. The trade conflict between the US and China, with increased duties, has led the car manufacturer to lose hundreds of millions of kronor, according to the CEO Håkan Samuelsson.

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