Volvo dealers are saying that sales numbers for the automaker are being hindered by a lack of inventory. To meet consumer demands, Volvo is now providing retailers with up to 6,000 additional XC60 models thanks to a production increase in Europe.
The production increase is a result of an investment made by Volvo last year which created 200 jobs and 12,000 additional vehicles.
“The XC60 is product that’s been in the market for three years that has been over demand and undersupplied,” John Maloney, Volvo Cars North America CEO said today on the sidelines of the Chicago Auto Show. “So this year, our supply goes go up, which our dealers will welcome. It’s a hot product.”
Volvo also has a plant in China under construction that will supply its local market, and increase availability in the U.S.
– By: Alexandra Koken