Volvo is a Swedish car manufacturer with its headquarters in Gothenburg, Sweden. Volvo is well known for its quality and long lifecycle of vehicles. By many, Volvo is seen as the luxury car for the regular person. This good quality of cars doesn’t go unnoticed as in 2013; Volvo global sales went up with 1.2% versus 2012. The innovation that Volvo delivers is also noteworthy. The Volvo XC60 became the best-selling model and achieved its best sales year ever with 114,010 units sold.
Sales statistics Volvo
Though Volvo is a Swedish company and has a high amount of sales there, sales in China are increasing more rapidly than ever and reached an all-time high record in December 2013 with 6,685 cars being sold, making China a slightly smaller individual market than the United States for Volvo. The Swedish market is with 52,260 in 2013 the third biggest market for Volvo, followed by UK, Germany, Netherlands and Japan. In Europe, total amount of sales in 2013 was 226,095, which amounts of more than 50% of total sales (427,840). The market share in the U.S. of 3.9% reveals the room for improvement for Volvo. Nonetheless, there are 23,906 Volvo vehicles that were imported from the U.S. to Europe.
CARFAX Statistics show that the risk factors for used U.S. Volvo imports include recall, mileage inconsistency and total loss.
Presently, there are 18,116 used Volvo imports from the U.S. in Europe with a recall history. That’s a percentage of more than 75% of all registered exported Volvo cars from the U.S. to Europe. The preceding shows that U.S. cars can pose a risk to many unaware used car buyers in Europe. Many times, cars that have an outstanding recall status may not perform or function as is desired. Next to that, the financial outcomes may be disastrous.
Mileage inconsistency refers to those cars that have inconsistent mileage readings or and documentations at different intervals. Usually, this is a sign of odometer rollback. There are currently 98 Volvo cars that were imported from the U.S. with reported mileage inconsistencies. Read here why mileage inconsistency poses a threat for used car buyers.
Cars with a history of total loss pose a risk to used car buyers because there is a big question surrounding these cars on how and why they managed to be in a functioning state today. Normally, when a car is total loss, it is issued a salvage title and gets ready to be scrapped. In some exceptional cases, these cars are not scrapped, but are repaired illegally and exported to Europe. In other cases, the VIN is taken off of these cars illegally and put on other well-functioning cars, which are usually stolen, and are then exported to Europe. In any case, it is important to know what history your car has. There are at least 4,176 U.S. imported Volvo cars in Europe with a history of being total loss.
Since 1992 over 7501 Volvo XC90 vehicles were imported from the U.S. to Europe. More than 95 % of all American Volvo XC90 Imports have one or more risk factor!
Since 1992 over 2340 Volvo V70 vehicles were imported from the U.S. to Europe. More than 95 % of all American Volvo V70 Imports have one or more risk factor!
Since 1992 over 2036 Volvo S60 vehicles were imported from the U.S. to Europe. More than 95 % of all American Volvo S60 Imports have one or more risk factor!