Volvo Trucks North America posted record results achieving all-time highs in 2015 for U.S., Canada and NAFTA Class 8 retail sales. In addition to its strong market performance, Volvo also achieved record penetration levels for Volvo power, I-Shift automated manual transmissions and XE eXceptional Efficiency powertrain packages.
Volvo U.S. retail market share was a record 12.4 percent in 2015, 0.4 percentage points higher than in 2014, with a retail volume of 30,930 vehicles compared with 26,555 in 2014, according to WardsAuto Group. Volvo also posted a record in Canada, where market share climbed 1.0 percentage point to 16.3 percent (4,884 vehicles) compared with 2014 (4,510), according to data compiled by the Canadian Vehicle Manufacturers’ Association, IHS Automotive and Wards.
Volvo attributed its record-breaking 2015 to positive customer response to its fuel-efficient vehicles and powertrain and its Uptime support. The strong performance also resulted in the production of more commercial vehicles than ever before at its New River Valley Assembly plant, based in Dublin, Virginia, where all Volvo models for North America are assembled.