Volvo posts 34% rise in MidEast car sales

Swedish car giant says significant increases seen in Kuwait, Qatar and the UAE

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.

NOTE: Comments posted on may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudis tighten their belts for Eid in age of austerity

Saudis tighten their belts for Eid in age of austerity

Gov't cuts, which began late in 2015, are now rippling through...

New Saudi snow city tests kingdom's capacity for fun

New Saudi snow city tests kingdom's capacity for fun

Mixed-gender attraction is a rare opportunity for Saudis of all...

Retail renaissance in Saudi Arabia

Retail renaissance in Saudi Arabia

The largest economy in the GCC is emerging as a lucrative retail...

Most Discussed