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Volvo car sales up 5% in Aug, Chinese sales up 66%

 

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.

Volvo, wholly-owned by China's Zhejiang Geely Holding Group Co since 2010, competes with global luxury brands BMW, Jaguar and Volkswagen AG's Audi.

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.

 
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