Why Does Volvo Depreciate So Much?

[MacDawson]

Because Volvo uses significant price reductions to achieve better sales. Here is relevant information about Volvo: 1. Background: In 1927, the first Volvo car was introduced and mass-produced. As Volvo's sales continued to improve, by 1935, Volvo separated from SKF and became an independent automotive group. Before 1998, Volvo Cars not only produced passenger vehicles but also expanded into aerospace and various industrial equipment manufacturing. In 1998, Ford Motor Company acquired Volvo Cars' business, including the ownership of the Volvo brand. In 2010, China's Geely Group purchased Volvo Cars' business and brand ownership from Ford. 2. Safety: Volvo's safety has always been widely recognized as outstanding. Among its entire brand lineup, the XC90 is particularly renowned as the safest car in the world. In the most stringent IIHS crash tests in the U.S., the XC90 consistently achieves top-tier ratings every year, continuously setting new records for itself.