STOCKHOLM (Reuters) - Chinese-owned Swedish automaker Volvo Car Corp said on Wednesday it sold 26,998 cars in August, a five percent increase over the same period a year ago, citing strong growth in China.
In China, sales spiked 66 percent to 4,319 cars, while in Europe, sales were up five percent to 10,770 cars and in the United States they fell 12 percent to 5,519 cars.
From January through July, Volvo group car sales were still down by 3 percent. In 2012, languishing Chinese and European demand took a heavy toll on the car industry, sending Volvo’s operating profit tumbling.
Reporting by Anna Ringstrom, editing by Geert De Clercq