D5 Diesel Spears Volvo Fleet Growth In 2002

Volvo Corporate Sales’ End Of Year Results

2002 proved another good year for Volvo in the UK fleet market. Out of total sales of 40,679, fleet sales accounted for 21,883 of those units, a rise of nearly 50% over 2001. Overall Volvo achieved a 2.0% share of the UK fleet market, a rise from 1.4% in 2001.

The star of the show during 2002 was the new D5 diesel engine, which helped contribute to a growth of 281.1% of Volvo diesel sales to 14,469 units. Diesel growth looks set to continue further in 2003 with the introduction of the XC90 diesel. Company car tax changes, due in April, will also favour diesels once again.

‘We have had another good year in Volvo fleet sales helped by all areas of our business, from the dealers and corporate sales team, to the superb new product that has been coming through that fleet managers and individual corporate drivers want to buy or lease,’ said Ian Rendle, VCUK’s Corporate Sales Manager.

‘D5 in particular has been a major contributor to our success. With a full year of diesel production, the launch of the XC90 and new R-line, and the continued growth of our LPG and CNG range we anticipate 2003 being another good year for corporate sales,’ he added.

Published 7 February 2003 Melanie Carter

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