Volvo Car Group reported on August 5 that the company's global sales increased by 14 percent in July compared to the same month last year thanks to substantial growth in China and Europe.

Retail sales in July amounted to 33,650 vehicles, while sales in China rose by 61.6 percent to 4,640 cars in July, according to a press release from the company.

The performance in China was largely attributed to sales of the 2,278 XC60 model, which created a new all-time sales record for a single month.