Volvo posts 34% rise in MidEast car sales

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Swedish car giant Volvo has posted a 34 percent increase in sales in the Middle East so far in 2012.

The car maker said its growth had been "significant" across the Gulf with sales in Kuwait up 73 percent, Qatar (48 percent), and the UAE (15 percent) compared to last year.

Its performance in Egypt was the best in the region with sales growth more than doubling over the year-earlier period, Volvo said in a statement.

It added that the growth had been driven by the availability of Volvo's award-winning XC and S models.

"We are very pleased with Volvo's performance in the Middle East. The latest figures announced is a testament towards the dedication and commitment we have to this region and our dealers," said Emre Karaer, sales and marketing director of Volvo Cars Middle East.

"We aim to further increase market share through our five year ambitious plan that guarantees Volvo to grow magnificently in the market and launching a range of superior automobiles."

He said the total industry volume in premium segment cars is approximately 20 percent which Volvo is exceeding in the Middle East.

In 2013, he said Volvo Cars Middle East will be taking "big strides" in the market with the launch of the Volvo V40.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Dubai's nightlife bubble: When is it going to burst?

Dubai's nightlife bubble: When is it going to burst?

A new breed of clubs and bars is sprouting in the city, but which...

Chocolate: worth its weight in gold?

Chocolate: worth its weight in gold?

Middle Eastern consumers with a sweet tooth are buying up ever...

Country focus: Lebanon’s start-up success

Country focus: Lebanon’s start-up success

A new-wave of entrepreneurship is helping Lebanon become a hot...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams