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. . . but, they're obviously still down for the year.<p>PRESS RELEASE:<p>Volvo Cars of North America Sales Report for June<br> <br>ROCKLEIGH, N.J. (July 1, 2009) - Volvo Cars of North America, LLC, today announced U.S. sales of 7,042 units in June, marking the third consecutive monthly sales increase. Additionally, June sales were .6 percent higher than June 2008 sales, marking the first year-over-year monthly sales increase since January 2008.<br> <br>For the month of June, Volvo sales in Canada were up 3.2 percent, with 901 units sold. Overall in North America (United States and Canada), Volvo has sold 33,172 units year-to-date, which represents a 33.8 percent decrease for the same period of 2008*.<br> <br>"Our numbers are very encouraging," said Doug Speck, VCNA president and CEO. "The new XC60 is getting more traction and the Safe + Sound Coverage Plan we offered in June drew a lot of people into our stores. We've decided to extend the Safe + Sound Coverage Plan through the end of July."<br> <br>The Safe + Sound Coverage Plan, available on all 2009 models, wraps a comprehensive list of benefits into one package. Volvo has combined extended time and mileage limits on warranty repairs and roadside assistance, along with enhancing wear-item coverage and extending factory scheduled maintenance coverage. Details of the Safe + Sound Coverage Plan are available at <A HREF="http://www.volvocars-pr.com" TARGET="_blank">http://www.volvocars-pr.com</A>/.<br> <br>Volvo Cars of North America, LLC, is a subsidiary of Volvo Car Corporation of Göteborg, Sweden. VCNA provides marketing, sales, parts, service, technology and training support to Volvo automobile retailers in the United States, and oversees Volvo operations in Canada.<br> <br>*2008 U.S. totals include Mexico
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. ([email protected])

Around Seattle, the uptake of the XC60 seems fairly strong—stronger certainly than recent models. It took a long time before I started seeing the S80s, V/XC70s and C30s around on the street, but this week I’ve already seen three XC60s. I’m generally disappointed that XC60s are hotter than C30s in our urban environment, but I’ll take any signs of strength these days.
 

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Any chance that the Safe and Sound program will get extended past the end of July? <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/biggrin.gif" BORDER="0">
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (exizldelfuego)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>exizldelfuego</b> »</i></TD></TR><TR><TD CLASS="quote">Around Seattle, the uptake of the XC60 seems fairly strong—stronger certainly than recent models. It took a long time before I started seeing the S80s, V/XC70s and C30s around on the street, but this week I’ve already seen three XC60s. I’m generally disappointed that XC60s are hotter than C30s in our urban environment, but I’ll take any signs of strength these days.</TD></TR></TABLE><p>Not to mention, the XC60 currently on sale is NOT the volume model. The XC60 3.2 should make up the bulk of the sales when it starts hitting dealerships, so for a premium all-wheel-drive turbo 6 cylinder crossover to do this well is a positive sign I believe. <IMG NAME="icon" SRC="http://********************/smile/emthup.gif" BORDER="0"> <IMG NAME="icon" SRC="http://********************/smile/emthup.gif" BORDER="0"> <IMG NAME="icon" SRC="http://********************/smile/emthup.gif" BORDER="0">
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. ([email protected])

It shocks me that only 142 V70 sales were made last month. <p>VOLVO BRAND JUNE 2009 U.S. SALES<br> --------------------------------<p> June % Year-To-Date %<br> ---- ------------<br> 2009 2008 Change 2009 2008 Change<br> ---- ---- ------ ---- ---- ------<p> S40 544 560 -2.9 3,548 6,772 -47.6<br> V50 138 209 -34.0 773 1,031 -25.0<br> S60 1,171 732 60.0 3,555 6,311 -43.7<br> S80 1,098 1,033 6.3 4,789 6,912 -30.7<br> V70 142 863 -83.5 913 2,102 -56.6<br> XC60 1,032 0 NA 3,527 0 NA<br> XC70 682 922 -26.0 2,814 5,634 -50.1<br> XC90 1,038 1,511 -31.3 4,763 11,465 -58.5<br> C70 806 724 11.3 3,060 3,604 -15.1<br> C30 391 447 -12.5 2,004 2,350 -14.7<br> ---- ---- ---- ----<p> Volvo Brand 7,042 7,001 0.6 29,746 46,181 -35.6<br>
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (geo1)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>geo1</b> »</i></TD></TR><TR><TD CLASS="quote">It shocks me that only 142 V70 sales were made last month. <br> V70 142 863 -83.5 913 2,102 -56.6<br> <br> Volvo Brand 7,042 7,001 0.6 29,746 46,181 -35.6</TD></TR></TABLE><p>WADR, it should not be a shock. V70 sales have been under 100. 142 is an uptick.
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. ([email protected])

According to Reuters, monthly sales are down 3.4%:<p><A HREF="http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN0151173020090701" TARGET="_blank">http://www.reuters.com/article...90701</A><p>Can someone explain their math?
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Sausca)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Sausca</b> »</i></TD></TR><TR><TD CLASS="quote">WADR, it should not be a shock. V70 sales have been under 100. 142 is an uptick.</TD></TR></TABLE><p>So the two best selling Volvo models in Sweden are the two worst selling models in the U.S.<p>Talk about difference in consumer preferences (and gas prices).
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Munin</b> »</i></TD></TR><TR><TD CLASS="quote">According to Reuters, monthly sales are down 3.4%:<p><A HREF="http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN0151173020090701" TARGET="_blank">http://www.reuters.com/article...90701</A><p>Can someone explain their math?</TD></TR></TABLE><p>Total number, vs. daily sales rate...<p>You are the last person I expected such question from... <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/smile.gif" BORDER="0"> <p>7042 - 2009, 7001 - 2008 - that's increase...<p>but last June had 24 business days, while this one - 25.<p>Speaking of statistics as the worst kind of lie...objective one...
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (gascos80)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>gascos80</b> »</i></TD></TR><TR><TD CLASS="quote">Total number, vs. daily sales rate...<p>You are the last person I expected such question from... <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/smile.gif" BORDER="0"> <p>7042 - 2009, 7001 - 2008 - that's increase...</TD></TR></TABLE><p>Give me a break: I don't read footnotes when I'm on vacation. <IMG NAME="icon" SRC="http://www.vwvortex.com/vwbb/smile.gif" BORDER="0"><p>Thanks for the explanation. So the month of June only appears better because there was one more business day this year.
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Munin</b> »</i></TD></TR><TR><TD CLASS="quote"><p><br>Thanks for the explanation. So the month of June only appears better because there was one more business day this year.</TD></TR></TABLE><p>That's not true. May 2009s sales results included data from June 1st. June 2009 started on June 2nd.
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (GrecianVolvo)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>GrecianVolvo</b> »</i></TD></TR><TR><TD CLASS="quote">That's not true. May 2009s sales results included data from June 1st. June 2009 started on June 2nd.</TD></TR></TABLE><p>I'm going by what the Reuters article said: "Percent changes are based on the daily sales rate, and reflect 25 selling days this month vs. 24 in the month last year." Is this not accurate?
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

I would go with Volvo %%. Volvo has official obligations for the appropriate record keeping, including marketing projections and gain/loss calculations to its shareholders.<p>Reuters does not. So, officially, it is 0.6% gain, 7042 over 7001, and independent analysts can spin it any way they want...
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Munin</b> »</i></TD></TR><TR><TD CLASS="quote"><p>I'm going by what the Reuters article said: "Percent changes are based on the daily sales rate, and reflect 25 selling days this month vs. 24 in the month last year." Is this not accurate?</TD></TR></TABLE><p>Again, I cannot control what Reuters is writing nor account for the way they account for their numbers. June 2009 sales data included sales that were recorded from June 2 until June 30. <p>Selling days mean nothing; for example, in California, car sales take place (and get recorded) 7 days/week. In certain states (mainly Midwestern and Norrtheastern states), car sales cannot take place on a Sunday, hence 6 days/week. So, the 24-day or 25-day selling dates (as reported) are way off base, anyway.
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (gascos80)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>gascos80</b> »</i></TD></TR><TR><TD CLASS="quote">I would go with Volvo %%. Volvo has official obligations for the appropriate record keeping, including marketing projections and gain/loss calculations to its shareholders.</TD></TR></TABLE><p>I don't really care that much one way or another if it's 3.4% or -0.6%, I was just curious why the Reuters story comes to a different conclusion. Having said that, I don't buy your argument at all. The principal motivation for the press release is clearly PR-related. It's obviously in their interest to spin the numbers as positively as possible, while still maintaining some level of credibility. Anything else would be bad management.<p>I don't know what "gain/loss calculations" are, but for its internal marketing projections, I'm quite sure the analysts at Volvo understand the link between the Safe+Sound incentive and the June results. I would be shocked if anyone inside Volvo or VCNA is saying, "look, the June figures prove we've turned the corner."
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Munin</b> »</i></TD></TR><TR><TD CLASS="quote"><p>I don't really care that much one way or another if it's 3.4% or -0.6%, I was just curious why the Reuters story comes to a different conclusion. Having said that, I don't buy your argument at all. The principal motivation for the press release is clearly PR-related. It's obviously in their interest to spin the numbers as positively as possible, while still maintaining some level of credibility. Anything else would be bad management.<p>I don't know what "gain/loss calculations" are, but for its internal marketing projections, I'm quite sure the analysts at Volvo understand the link between the Safe+Sound incentive and the June results. I would be shocked if anyone inside Volvo or VCNA is saying, "look, the June figures prove we've turned the corner."</TD></TR></TABLE><p>Munin,<br>You should know it...The press release is just an abreviated version of the shareholder's report. It cannot be any different... Does Sorbet Oxley Act of 2002 ring any bells to you...?<p>Working for the large corporation, I hear it at least once a day... and all "for internal use" software applications developed in my team audited to be SOX compliant...<br>So, on the first point - I trust Volvo Corp data more than Reuters, because Volvo is responsible for the accurate representation, Reuters is not. The overly positive spin on the part of Volvo would be the BAD management, punishable by significant fines for the small infractions, and up to the jail time - for the serious one. Spin in any direction is a punishible offense for the large corporations in post Enron era.<p>On the second point - the new program was DESIGNED to help VCNA turning around the corner, so it has worked. Volvo is the <B>only</B> premium brand in US that stopped bleeding red in June. I have some analytical "for internal use" data, that I cannot share without a permission, but take my word for it...Volvo looks <B>MUCH</B> better than any of its competitors, both in June over May and June 09 over June 08 comparison. Cudos to VCNA. As our old friend RWP used to say - we need to give Volvo a credit, when it's due...<br>To summarize, I <B>do</B> think that many inside of Volvo or VCNA are saying - "look, the June figures prove" that the new program works and "we've turned the corner".
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (gascos80)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>gascos80</b> »</i></TD></TR><TR><TD CLASS="quote">You should know it...The press release is just an abreviated version of the shareholder's report. It cannot be any different... Does Sorbet Oxley Act of 2002 ring any bells to you...?</TD></TR></TABLE><p>No, it doesn't. Is it a frozen treat for corporations?<p><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>gascos80</b> »</i></TD></TR><TR><TD CLASS="quote">The overly positive spin on the part of Volvo would be the BAD management, punishable by significant fines for the small infractions, and up to the jail time - for the serious one. Spin in any direction is a punishible offense for the large corporations in post Enron era.</TD></TR></TABLE><p>This is the most naive view of corporate America I have ever read. Can you give me a single example of a company that has been fined for a 4% difference in reporting month-over-month sales?<p>For that matter, I'm not alleging any misrepresentation: Just two different ways at looking at the data, Volvo chose the more positive view.<p><TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>gascos80</b> »</i></TD></TR><TR><TD CLASS="quote">To summarize, I do think that many inside of Volvo or VCNA are saying - "look, the June figures prove" that the new program works and "we've turned the corner".</TD></TR></TABLE><p>Meet me back here in August when Safe+Sound is over.<p><br>
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

1. My bad, "Sarbanes", I am from the "phonetic" language country, and was lazy enough to check the spell of one of names...<p>2. I honestly do not know whether or not any company was actually fined for the 4% discrepancy, but in my personal experience, our company had to change the reporting in one area from "somewhere between ankle and knee deep" to sub-single digit %% because of the act. We spent quite a bit of money redoing the instrumentation, and I had a year-long project for my team.<p>3. According to the more detailed report I read, the 152/153 day difference between 2 years WAS calculated into Volvo's report. So, VCNA figures are accurate, while Reuters is double-dipping...Again, Volvo HAS TO provide accurate verifiable numbers, and HAS TO disclose the accounting method of calculation, when asked... Reuters does not have to...<p>4. Sure, I'll be around in August. However, why not to be glad for the apparent success of one marketing campaign today? As I said, the June looks STRIKINGLY different for Volvo than for any other premium brand.<p>I would be screaming about about it on every corner, if I would be Volvo marketing director... might create some additional synergy. People like to join the "success" wagon, and do not like loosers. In my perception - the notion - Look, Volvo does well lately, there should be something with this brand...- alone can generate some showroom traffic...
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (gascos80)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>gascos80</b> »</i></TD></TR><TR><TD CLASS="quote">4. Sure, I'll be around in August. However, why not to be glad for the apparent success of one marketing campaign today? As I said, the June looks STRIKINGLY different for Volvo than for any other premium brand.</TD></TR></TABLE><p>I'm not unhappy for Volvo. I want the company to succeed. I am, however, skeptical. But don't worry about it: I'm skeptical about lots of data I see, especially on the internet.<p>I don't think the figures show that the light is at the end of the tunnel, like the entry on the Swedespeed main page suggests. In the absence of Safe+Sound, the numbers would clearly still be down. The question is how much of the gain is due to Safe+Sound, how much is due to the XC60, how much is due to improving consumer confidence, and how permanent any of these three effects are. I have no idea how much Safe+Sound costs per vehicle, but it can't be a cheap incentive, which makes it unsustainable as a long term stimulus.
 

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Re: Volvo Sales Are Up for the First Time in 17 Months! June '09 Figures Inside. (Munin)

The numbers that I have seen (not on Internet) suggest that XC60 is a bigger factor than the increased warranty, that and the fact of 3.2 arriving could make the trend sustainable.<br>The new "trucks" bring some hope not just to Volvo but Audi and MB, while BMW suffers due to the aged truck line-up.<p>US auto buyers do have short memory, and modern cross-overs seem like a sensible alternative to Suburban and Expedition, and a flavor of the day.<p>Although, the car with 18/27 mileage is not too shubby by any standards, and if it looks cool, sits high and has extra cargo space - it IS the sensible alternative, remember the "duck" saying?<p>At the moment, the trend shows that marketing analysts of major European brands do have (luckely) better understanding than some of loud present and former SS contibutors, bringing nes cross-overs into the play.<p><br>Volvo needs the major facelift for XC90 to maintain once achieved domination in this segment. There was a time, when XC90 was sold better than X5 and ML combined.
 
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