Volvo reports marine leisure sales growth

GOTEBORG, Sweden – Continued strong demand for Volvo Penta’s large marine engines has contributed to an increase in sales of 10 percent during the third quarter, its parent company reported in a recent statement.

Leisure marine sales increased from SEK 1,271 during last year’s third quarter to SEK 1,378 this year. This comes despite a decline in demand for its smaller diesel and gasoline marine engines, according to the company, and perhaps because of increased demand for engines to power boats over 40 feet in the European and North American markets. Overall, orders for larger marine engines “remained stable,” Volvo reported.

In both Europe and North America, the division continues to gain marine engine market share. Volvo Penta’s IPS drive system is being launched on “a large number of boat models” during fall boat shows, which strengthens its position among boats in the 40- to 50-foot sector, the company said.

Volvo Penta’s net sales during the first nine months of the year were up 7 percent overall, and up 12 percent within the North American market.

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