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Volvo worldwide sales reached 698,000 vehicles for $31 billion in revenue last year. Unit volume was up 6% year over year. Profit was up 20% due to a drop in cost of 7%.
Profit soared because cost dropped faster than revenue. This created short term gains, but is not sustainable. Long term gains are achieved by steady increases in revenue and cost. We converted Swedish Krona to US Dollars for this Volvo global sales report using conversions rate from December 31st of each year listed. The profit displayed is gross profit after the cost of materials is subtracted, but before administrative fees. |
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