FINLAND
– Volvo Cars’ Finnish subsidiary is celebrating its 80th birthday.
The company named OY Volvo Auto AB was first registered on July 10, 1928. Today,
the Volvo brand stands in third place in the new-car registration rankings with
a market share of seven percent in Finland.
OY Volvo
Auto AB was Volvo’s first foreign subsidiary, established only a little over a
year after the first production Volvos were built in April 1927. Sales of Volvo
buses and trucks were strong from the outset in Sweden’s eastern neighbor, although
Volvo car sales were to take longer to gain momentum. Tight import controls and
a steep incremental taxation scale were to hamper Volvo’s growth here in the
first decades after the end of World War II in 1945.
Today,
however, OY Volvo Auto is a major player in the Finnish car market. Volvo Cars
has been the market leader in the large-car segment for a number of years now,
and last year the brand gained new ground in Finland in terms of total car sales
in all segments. The brand went from fifth place to third overall, selling 7.0
percent of all the new cars registered in Finland in 2007.
In 2007
Volvo Cars also emerged as the top brand for customer service in a survey conducted
by motoring magazine Autobild Finland,
and was voted most popular car brand in another major survey by the magazine Markkinointi & Mainonta. 2008 began
exceptionally well too. The all-new Volvo V70 came out top in a comparative
winter-testing study by the magazine Tekniikan
Maailma, and the Volvo S40 was named Best Diesel in a study of ‘environmental
cars’ by the magazine called Tuulilasi.
Volvo
Cars has succeeded well in holding its market share since Finland moved
to a car taxation system based on carbon dioxide emissions from the start of
2008. New registrations in the first half of this year came to 6,092 units for
Volvo Cars. This made it the third-to-top brand in Finland, with a market share of
seven percent. The corresponding figures for the first half of 2007 were 5,094
new Volvos registered and a market share of 6.7 percent. Sales of Volvo cars in
the first half of 2008 were 19.6 percent up on their 2007 level, at a time when
the Finnish market for all brands revealed 13.7 percent growth.
The Volvo
V70 is the most popular model, accounting for 36 percent of all the new Volvos
registered in Finland in 2007. The Volvo XC90 and XC70 models also sell very well in Finland,
and the new Volvo XC60 is expected to attract even more attention for the brand’s
XC-range of cross country and crossover models when it arrives.