Volvo Cars reports 5% rise in November sales
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FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front of a showroom of Stierli Automobile AG company in St. Erhard, Switzerland April 11, 2019. REUTERS/Arnd Wiegmann/File Photo
COPENHAGEN (Reuters) -Volvo Cars' sales rose 5% year on year in November to 66,977 vehicles, led by Europe and the United States, it said on Wednesday.
Sweden-based Volvo Cars, majority owned by China's Geely Holding, said that sales in Europe, its biggest market, rose 20% to 31,611 cars while U.S. sales were up 5%. Sales in China declined by 8% year on year.
Fully electric and plug-in hybrid models registered a 40% jump in global sales and accounted for 48% of total November sales.
Shares in the company were up 1.6% at 0711 GMT, outperforming a 0.6% gain for Stockholm's benchmark index.
(Reporting by Louise Breusch RasmussenEditing by Terje Solsvik and David Goodman)
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