Volvo

In the early twentieth century, the Volvo company was created in Sweden by SFK Assar Gabrielsson. Since its origin, they have created high-end, European-style luxury vehicles for the upscale driver. This article will walk you through everything you need to know about Volvo before buying one of their vehicles.

Influence of Other Companies

Other companies have been influencing Volvo since its origin. They have purchased stock in Mitsubishi and have partnered with the Ford Motor Company. In 1999, the company was sold to Ford. From 1999-2010, they were a part of Ford’s Premier Automotive Group (PAG). In 2010, Volvo was bought by the Zhejiang Geely Holding Group, owner of Geely Automobile in China.

Volvo Sales

By 2015, the company had sold over 500,000 vehicles in one year globally. This was a first in the company’s history and a tribute to their dedication to beginning quality luxury vehicles to the world.

In the U.S., the company had consistently sold over 100,000 models per year from 2000-2007. However, sales dropped to only 73,102 in 2008 because of the recession. According to statistics from CarSalesBase, it was not until 2019 that they were able to break 100,000 units. They were not affected by the pandemic saleswise.

The chart above shows the growth percentages and sales units since 1959, shortly after the company began exporting cars to the U.S.

Many Different Models

Volvo has a wide selection of vehicles for purchase. Here’s a list of the ones currently available:

Model	Avg Asking Price	Picture	Description
Volvo XC90	Used: $29,590 New: $50,900		The XC90 can seat up to seven people. It features a 360 degree camera, 95% cabin air cleaning, and all-wheel drive.
Volvo XC60	Used: $18,014 New: $42,650		The XC60 has a built-in Google smart system and a 360 degree camera. It has SUV capability and has 95% cabin air cleaning.
Volvo XC40	Used: $33,590 New: $35,100		The XC40 has SUV capability and is up to the BLIS standard. It features a 360 degree camera and all-wheel drive.
Volvo S60	Used: $10,990 New: $39,250		As the smaller of the two sedans the Volvo offers, the S60 offers mild hybrid electrification and can go from 0-60 mph in 6.2 seconds. It also features a 360 degree camera and 95% cabin air cleaning.

The following models are available in pure electric:

• C40 Recharge ($58,750)
• XC40 Recharge ($51,700)

The following models are available as plug-in hybrids:

• XC90 Recharge ($68,400)
• XC60 Recharge ($54,540)
• S90 Recharge ($61,050)
• S60 Recharge ($47,650)
• V60 Recharge ($67,300)

Geographic Popularity

Although the company originated in Sweden, they have seen outstanding success on an international level. They began exporting cars in 1955 and haven’t stopped since. In 1974, the United States was the company’s largest market. They were selling more cars in the U.S. than anywhere else in the world, which meant even more success. By 2018, they had opened a manufacturing plant in the U.S., which helped to reduce exportation costs.

The Chinese market also loved Volvo vehicles, enough so that they opened a manufacturing plant in Chengdu in 2013.

Currently, Volvo cars are sold in Europe, Asia, and the United States.

Looking to sell a Volvo for Cash?

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