Car maker Volvo Cars reported a sales surge of 6% in December on continuing recovery from the lows recorded during the pandemic, according to Reuters. The second half recorded the strongest sales in history despite full year down 6.2% to 661,713 cars.
- Volvo gained market share in all its main sales regions in the second half of the year.
- U.S Volvo sales rose by 15.2%, while China expanded 9.9% despite a 1.8% slump in Europe.
- The company aims to build a positive trend in 2021 as it continues to roll out new electrified Volvos and expand its online business.
Volvo’s stock is currently gaining. VOLV-B: STO is up 5.23%