Volvo cars sales continue growth in November

Retail sales of Sweden-based automaker Volvo Cars posted a growth for the 17th consecutive month in November.

While sales number in the United States were down by 14.4 percent to 3,623 cars in November, substantial growth in China and Europe meant an overall year-on-year increase of 2.6 percent, the company said in a press release on Tuesday.

"With no less than 17 months of consecutive growth we have demonstrated that Volvo Cars' growth is both consistent and sustainable," Volvo Cars senior Vice President Alain Visser says.

Owned by China's Zhejiang Geely Holding Group Co, Volvo Cars sold 6,933 cars in its largest market China during November, up 15.6 percent compared with November last year. The growth rate for the first 11 months of 2014 was 33.6 percent.

In Sweden, Volvo Cars sold 5,718 cars, up 6.5 percent from the same month last year. The performance there was stronger than in the rest of Europe, where sales rose 3.4 percent.

The best-selling Volvo model, the XC60 crossover, passed its full year 2013 sales figure of 114,000 cars by mid-November, setting a new all-time high record.