CHINA SURPASSES SWEDEN AS VOLVO’S SECOND-LARGEST MARKET

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February 25, 2013

BEIJING - China has surpassed Sweden to become Volvo’s second-largest market after the US. January sales reached 4,776 units, up 75.8% from January last year, although it is unclear if this is owing to weak sales in January 2012. Volvo said it sold 29,614 vehicles across the globe in the same month. The imported mid-sized S60 sedan and imported SUV XC60 both set records for single month sales in China. Ford also reported a 98% increase in sales from the holiday-shortened sales period of January 2012, delivering 61,475 vehicles to China in January 2013.