Thursday 29 October 2020
 
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Björn Annwall

Volvo aims to transform retail business

DUBAI, September 27, 2020

Volvo Cars is fundamentally modernising and upgrading the way its customers buy, lease, subscribe to and service their cars globally as it works towards its ambition to sell 50% of its global volume online by 2025.
 
This was announced by Trading Enterprises, the exclusive distributor of Volvo in the UAE, and part of the Al-Futtaim Automotive Group. 
 
The company has announced its acquisition of Upplands Motor, the Stockholm-based dealership (subject to regulatory approvals), and a planned full takeover of the retailer Bra Bil, with the aim to merge the two operations with Volvo Bil, its own dealership.
 
The merged operation will enable Volvo Cars to pilot a technology-led transformation of its retail operations in its home market. Its strategy is to create a seamless online/offline experience, together with its retail partners, globally. This merged operation will enable Volvo Cars to fully utilise the strong home market to gain knowledge and develop the future business model.
 
Volvo Cars believes customers want the same kind of modern, hassle-free retail experience when buying or servicing their car that they enjoy elsewhere. The traditional retail system has served customers well for decades but as the leading automotive brand in Sweden, Volvo now needs to transform to meet future consumer demands head on. 
 
“This is about changing together. The physical retailer and the opportunity for consumers to engage with dedicated, enthusiastic and qualified Volvo personnel remains crucial to our future. We are committed to improving customers’ experiences by working closely - together - with our retail partners,” said Björn Annwall, head of the EMEA region at Volvo Cars.
 
“As the world around us changes rapidly, and consumers interact with the Volvo brand in even more ways, we need to make sure that every interaction adds to their total Volvo experience,” says Lex Kerssemakers, head of commercial operations at Volvo Cars.
 
“This is key to our commercial transformation and why we focus on a seamless interaction between online and offline. Today’s investment is another milestone as we create a modern, personalised customer experience together with our retailers.”
 
Earlier this year, Trading Enterprises- Volvo launched its e-commerce platform, becoming the first Volvo Cars distributor in the Middle East to provide online buying options for Volvo customers through a true brand experience. -- Tradearabia News Service
 
 



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