Volvo already has 57,000 orders for the new XC90 – and profits UP 71%

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The new Volvo XC90 has yielded 57,000 orders already as Volvo announce their first half profits are up by 71 per cent, despite a slowdown in China.

In June, we revealed that the new Volvo XC90 already had 36,000 pre-orders when it officially went on sale, but it seems that number is still continuing to grow at a very healthy rate.

Two months later that number has grown to 57,000 as Volvo’s new XC90 continues to prove it’s as appealing and original as the last XC90 was when it launched. To give some perspective, the order growth of around 10,000 a month means the new XC90 is taking as many orders a month as the Range Rover and Range Rover Sport combined.

Success like that for a rang-topping model is the icing on the cake for Volvo as it reveals its profits for the first six month of 2015 are up by 71 per cent, with strong demand from Europe more than outweighing a more difficult Chinese market place.

Volvo managed to shift 322,284 cars in the first half – on target for 500,000 sales in 2015 – with revenues at £5.6 billion and earnings at £125 million.

Not brilliant margins (just 2.2 per cent) but a clear indication that Volvo is on the right track, despite the China slowdown.