Volvo Cars September sales rise 1%

COPENHAGEN (Reuters) – Volvo (OTC:) Cars’ sales rose 1% year-on-year in September to 62,458 cars, the Sweden-based automaker said on Wednesday.

Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that total sales in Europe, the biggest market for Volvo Cars, were up 23%, while sales in the United States and China fell by 22% and 16%, respectively.

“The overall market picture remains volatile and uncertain, but we are encouraged by a solid performance in Europe, especially for our electrified car portfolio,” deputy CEO and Chief Commercial Officer Bjorn Annwall said in the statement.