GREENSBORO, N.C. — Volvo posted record results in Canada over 2015 with its market share climbing one percentage point to 16.3 percent (4,884 vehicles) compared with 4,510 vehicles in 2014, according to data compiled by the Canadian Vehicle Manufacturers’ Association, IHS Automotive and Wards.
The Swedish company also posted impressive 2015 results in the U.S. and Mexico, where market share jumped to 12.5 and 4.9 percent, respectively. Volvo achieved a record 12.2% NAFTA market share (36,940 vehicles), compared with 11.9% (32,281) in 2014.
Volvo says its record-breaking 2015 is the result of strong customer satisfaction with more fuel-efficient vehicles, as well as the popularity of its powertrain and Uptime support. The strong performance also resulted in the production of more commercial vehicles than ever before at its New River Valley Assembly plant in Dublin, VA, where all Volvo models for North America are assembled.
“We are very proud of our people, whose dedication allowed us to make these great achievements,” said Gӧran Nyberg, president of Volvo Trucks North America. “It’s clear from our strong performance that the market continues to see the fuel efficiency benefits offered by our powertrain and aerodynamic truck design, combined with our commitment to maximizing Uptime for customers. While we are very pleased with our 2015 results, we will continue to seek opportunities to make advancements in products, service and support that positively impact the bottom line of our customers," added Nyberg.
Volvo engines were spec’d in a record 93 percent of the trucks sold in 2015, and Volvo I-Shift penetration was a record 83 percent. More than 27 percent of all trucks soldin 2015 featured an XE package.
By Today's Trucking Staff
By Today's Trucking Staff
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