Volvo Expects to Boost Car Sales 13% this Year
PARIS - Volvo Car Corp. expects a double-digit rise in unit sales this year, reported Automotive News and Reuters.
CEO Stefan Jacoby said the Swedish carmaker will sell 380,000 cars in 2010 worldwide, up 13 percent from the 335,000 cars sold last year.
Looking ahead to 2011, Jacoby told Automotive News Europe he expects recovery for Europe, where overall new-car sales were down 3.5 percent to about 9 million units in the first eight months. The decline is due mainly to the end of government-funded scrapping incentives that provides subsides to people who traded into their old cars for newer, more fuel-efficient models.
Jacoby said sales will stabilize in the near term and “we will see a steady growth,” adding: “Due to Volvo's product offerings, we will have good opportunities for growth not only in China but also in our core markets in Europe.”
Jacoby was speaking at the Paris auto show where Volvo launched the V60 station wagon.
The automaker forecasts annual sales of 50,000 V60s, with 90 percent of those sales in Europe. The car will go on sale in November.
More Industry

Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →