Truck deliveries in January 2013

Deliveries from the Volvo Group’s truck operations in January 2013 amounted to 10,791 vehicles. This was a decrease of 23% compared with the year-earlier month.

Volvo Group

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and Eicher):

Delivered Units January Change
Volvo Group 2013 2012*  
Europe 4 375 6 234 -30%
   Western Europe 3 623 5 148 -30%
   Eastern Europe 752 1 086 -31%
North America 1 962 3 144 -38%
South America 1 611 1 183 36%
Asia 1 827 2 367 -23%
Other markets 1 016 1 031 -1%
Total Volvo Group 10 791 13 959 -23%
Light duty (< 7t) 895 1 465 -39%
Medium duty (7-16t) 1 066 1 560 -32%
Heavy duty (>16t) 8 830 10 934 -19%
Total Volvo Group 10 791 13 959 -23%
Non-consolidated operations
Eicher (100%) 3 209 3 311 -3%
DND (100%) 21 64 -67%
Total Volumes 14 021 17 334 -19%

*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.

Volvo

In January 5,575 Volvo trucks were delivered, a decrease of 18% compared with the same month last year.

In Europe, deliveries decreased to 2,195 trucks as a result of low production levels in December 2012 and January 2013 and a sluggish economic environment.

January deliveries in North America decreased 50% to 788 vehicles in comparison with the same period last year.  The decline in deliveries can be attributed to the adjustment of production levels, including two down-weeks in January 2013.

Deliveries in South America increased 38% to 1,437 trucks, where Brazil increased by 46% in January compared with the same month last year. The increase in industrial activity combined with favorable financing rates contributed to an uptick in the Brazilian market. 

January deliveries in Asia amounted to 819 units in total, a decrease of 10% compared to the same month last year.

Deliveries by market area:

Delivered Units January Change
Volvo 2013 2012  
Europe 2 195 2 961 -26%
   Western Europe 1 607 2 168 -26%
   Eastern Europe 588 793 -26%
North America 788 1 582 -50%
South America 1 437 1 042 38%
Asia 819 914 -10%
Other markets 336 323 5%
Total Volvo 5 575 6 822 -18%
Medium duty (7-16t) 119 139 -14%
Heavy duty (>16t) 5 456 6 683 -18%
Total Volvo 5 575 6 822 -18%

 

Mack

Deliveries for Mack in January totaled 1,305 vehicles, an 18% decrease compared with January 2012.  The decline was the result of an industry-wide softening in North American demand, due to which Mack began adjusting production levels in Q4 2012.

Deliveries by market area:

Delivered Units January Change
Mack 2013 2012
North America 1 129 1 467 -23%
South America 125 66 89%
Other markets 51 60 -15%
Total Mack 1 305 1 593 -18%
Heavy duty (>16t) 1 305 1 593 -18%
Total Mack 1 305 1 593 -18%

Renault Trucks

In January, 2,742 Renault trucks were delivered, a decrease of 29% compared with January 2012. The lower deliveries were mainly due to the slowing of demand in southern Europe at the end of last year, which imposed on us to reduce the pace of production as well as to lower deliveries of light duty trucks.

Deliveries by market area:

Delivered Units January Change
Renault Trucks 2013 2012  
Europe 2 180 3 273 -33%
   Western Europe 2 016 2 980 -32%
   Eastern Europe 164 293 -44%
North America 1 17 -94%
South America 40 57 -30%
Asia 180 257 -30%
Other markets 341 246 39%
Total Renault Trucks 2 742 3 850 -29%
Light duty (< 7t) 793 1 282 -38%
Medium duty (7-16t) 462 536 -14%
Heavy duty (>16t) 1 487 2 032 -27%
Total Renault Trucks 2 742 3 850 -29%

UD

Deliveries from UD Trucks in January 2013 decreased to 1,169 vehicles. The 31% decrease was primarily due to a strong demand last year from reconstruction, following the natural disaster in Japan.

Deliveries by market area:

Delivered Units January Change
UD 2013 2012*
North America 44 78 -44%
South America 9 18 -50%
Asia 828 1 196 -31%
Other markets 288 402 -28%
Total UD 1 169 1 694 -31%
Light duty (< 7t) 102 183 -44%
Medium duty (7-16t) 485 885 -45%
Heavy duty (>16t) 582 626 -7%
Total UD 1 169 1 694 -31%
Non-consolidated operations
DND (100%) 21 64 -67%
Total volumes 1 190 1 758 -32%

*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.

Eicher*

Deliveries of Eicher trucks in January decreased by 3% to 3,209 trucks compared to the same month last year.

Deliveries by market area:

Delivered Units January Change
Eicher (100%) 2013 2012
Asia 3 209 3 311 -3%
Total Eicher 3 209 3 311 -3%
Light duty (< 7t) 411 536 -23%
Medium duty (7-16t) 2 093 2 189 -4%
Heavy duty (>16t) 705 586 20%
Total Eicher 3 209 3 311 -3%

*As of 2013 Eicher is reported under the equity method and consequently sales and deliveries are not consolidated in to the Volvo Group

February 20, 2013

Reporters who would like more information, please contact:

Media Relations
Volvo Group:
Kina Wileke, +46 739-02 55 44

Truck brands:
Renault Trucks, Charlotte Roudovski, +33 4 72 96 29 76
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 80 40 64 92 33

Investor Relations:
Christer Johansson, AB Volvo, +46 739 02 25 22
Patrik Stenberg, AB Volvo, +46 31 66 13 36
John Hartwell, Volvo Group North America, +1 201-252-8844

For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. In 2012 the Volvo Group’s sales amounted to about SEK 304 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.

AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.The information was submitted for publication at 08:30 a.m. in February 20, 2013.

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.

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