Volvo cars sales shrink in 皇冠体育app in July
Updated: 2012-08-16 09:55
(Xinhua)
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STOCKHOLM -- The number of vehicles produced by Volvo and sold in 皇冠体育app had shrunk by 28.4 percent in the Chinese market in July compared to the same month last year, Swedish media reported on Wednesday.
Volvo cars had lost 皇冠体育app, the company's third biggest market after Sweden and the US, to its competitors such as Audi, Mercedes-Benz, BMW, Infiniti and Lexus, whose sales all increased, according to Swedish business daily Dagens Industri.
Even in its home market Sweden, the number of Volvo cars sold in July also dropped by 16.3 percent compared to last year.
However, through the first seven months of 2012, sales of Volvo vehicles in 皇冠体育app actually edged up by 1.3 percent compared to the same period of last year, and while sales in the US also increased by 2.2 percent.
Volvo, which will inaugurate its first factory in 皇冠体育app in the southwestern city of Chengdu in 2013, plans to increase its sales in 皇冠体育app to 200,000 cars in 2015.
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