03.10.2014 - Volvo approached record sales
The Swedish company Volvo has published a report according to which the rise in global sales were 8.6% per year, according to September’s data. Sales growth was observed in all markets. So, the company sold 44,491 thousand in September and China remains the largest market for the company. 7,342 thousand cars were sold in China. In Europe, sales increased by 11.6%. Given the steady growth in sales, both in China and other markets, we recommend holding the stock in the long-term portfolio with growth potential of 30-35% per year.