Volvo Cars loses momentum

Volvo Cars' sales increased by one percent to 62,458 cars in September compared to the same month last year.

Thus, the growth rate is slowing down as the car industry is currently facing tough times. In August and July, the growth rate was higher. So far this year, the growth rate is ten percent.

"The overall market picture is still volatile and uncertain, but the solid development in Europe is encouraging", says Vice President Björn Annwall in a press release.

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Björn Annwall Volvo Cars

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TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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