STOCKHOLM (Reuters) - Chinese-owned Swedish automaker Volvo Car Corp said on Monday it sold 33,650 cars in July, a 14 percent increase over the same period a year ago, citing brisk sales in China and Europe.
Languishing Chinese and European demand took a heavy toll on the car industry in 2012, sending Volvo’s operating profit tumbling. But in Europe, its biggest overall market, it achieved a 17 percent increase in sales in July.
It said the United States was its largest single market that month, with almost 6,000 cars sold, just ahead of China where it saw a 62 percent surge in sales compared with the previous year.
Sales for the January to July period remain down by 3.2 percent. In June, they were down 10 percent from a year earlier.
Reporting by Mia Shanley; editing by Tom Pfeiffer