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.

Related:
Companies
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
Growth spurt for Gulf's e-commerce sector

Growth spurt for Gulf's e-commerce sector

The recent sale of Talabat.com to Germany’s Rocket Internet for...

How the UAE is sewing together a top industry

How the UAE is sewing together a top industry

In the shadows of oil and aviation, the UAE’s textiles industry...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Most Discussed
  • 14
    Why I'm giving all my wealth away

    It is a grand gesture by his HRH Prince Waleed in the interest of mankind at large. May god bless him with good health. Let other ultra rich follow his... more

    Friday, 3 July 2015 11:27 AM - sandeep
  • 4
    UAE to finish drafting corporate tax, VAT laws in Q3

    This will be my last day here if taxes are introduced. Why would anyone stay suffering at 40 Degrees + in the desert? Let's be honest, the majority of... more

    Friday, 3 July 2015 5:10 PM - Chris