Truck deliveries in November 2011


Total deliveries from the Volvo Group’s truck operations in November amounted to 22,440 vehicles. This was an increase of 22% compared with the year-earlier period.

Volvo Group

Total deliveries by market for the Volvo Group’s truck operations (Volvo Trucks, Mack, Renault Trucks, UD Trucks and Eicher):

Delivered Units November Year-to-Date
Volvo Group 2011 2010   Change    2011 2010   Change
Europe 8 552 7 624 12% 86 076 57 483 50%
   Western Europe 6 693 6 536 2% 68 737 49 772 38%
   Eastern Europe 1 859 1 088 71% 17 339 7 711 125%
North America 4 839 2 772 75% 37 824 21 108 79%
South America 2 545 2 029 25% 26 355 19 172 37%
Asia 5 153 4 603 12% 50 071 47 669 5%
Other markets 1 351 1 426 -5% 13 904 13 831 1%
Total Volvo Group 22 440 18 454 22% 214 230 159 263 35%
Light duty (< 7t) 1 801 2 860 -37% 22 022 23 369 -6%
Medium duty (7-16t) 3 120 2 592 20% 31 159 27 573 13%
Heavy duty (>16t) 17 520 13 002 35% 161 050 108 321 49%
Total Volvo Group 22 440 18 454 22% 214 230 159 263 35%

Volvo Trucks

Volvo Trucks’ November deliveries increased 45% year-on-year to 11,349 trucks.

In total, deliveries in Europe amounted to 4,418 trucks in November, up 35% compared with the corresponding period of 2010. Delivery increases were noted in such countries as the United Kingdom, France and Sweden. As previously announced the macro-economic uncertainty is currently impacting truck customers who have become slightly more cautious. Consequently Volvo Trucks is adapting its production levels in the beginning of 2012 in order to meet the current level of demand.

In Russia, deliveries rose a full 159% to 653 trucks, compared with November 2010. On the whole, deliveries in Eastern Europe rose 72% during November.

In the Brazil, deliveries rose 15% in November, compared with the corresponding period of 2010. And for all of South America deliveries rose 24% to 2,159 trucks. With tougher emission standards starting January 1 2012, Volvo Trucks expects lower demand in the beginning of the year and will consequently adapt production levels in January 2012.

In North America, November deliveries rose 85% compared with November 2010 to 2,959 trucks. In the segment for long-haul trucks, demand remained healthy. New sales of trucks are being driven primarily by the need to renew truck fleets while, to a greater extent, smaller players are now also beginning to replace their older vehicles.

Deliveries by market area: 

Delivered Units November Year-to-
Date
Volvo Trucks 2011 2010 Change 2011      2010 Change
Europe 4 418 3 265 35% 41 694 25 552 63%
   Western Europe 3 059 2 476 24% 29 063 20 045 45%
   Eastern Europe 1 359 789 72% 12 631 5 507 129%
North America 2 959 1 602 85% 22 539 11 090 103%
South America 2 159 1 741 24% 22 595 16 658 36%
Asia 1 406 856 64% 12 398 8 755 42%
Other markets 407 364 12% 4 238 3 854 10%
Total Volvo Trucks 11 349 7 828 45% 103 464 65 909 57%
Medium duty
(7-16t)
217 171 27% 1 738 1 602 8%
Heavy duty (>16t) 11 132 7 657 45% 101 726 64 307 58%
Total Volvo Trucks 11 349 7 828 45% 103 464 65 909 57%

Mack

Deliveries in November totalled 2,254 vehicles, up 67% compared with the year-earlier period. Despite some activity in the energy sector, overall demand for the construction trucks that are core to Mack remains at low levels. By successfully shifting focus to highway truck sales, Mack’s performance in the heavy-duty market as a whole has remained steady.

Deliveries by market area:

Delivered Units November Year-to-Date
Mack 2011 2010 Change 2011 2010 Change
Europe 52 99
Eastern Europe 52 99
North America 1 774 1 091 63% 14 092 9 071 55%
South America 315 153 106% 2 654 1 701 56%
Asia 1 -100% 7 47 -85%
Other markets 113 103 10% 1 000 903 11%
Total Mack 2 254 1 348 67% 17 852 11 722 52%
Medium Duty
(7-16t)
2
Heavy duty (>16t) 2 254 1 348 67% 17 852 11 720 52%
Total Mack 2 254 1 348 67% 17 852 11 722 52%

Renault Trucks

Deliveries in November decreased by 4% compared to same period last year. In Europe, deliveries were down 6%, driven by markets in Southern Europe, while France was flat and Easter Europe up 50%.

As previously annonced the macro-economic uncertainty is currently impacting truck customers who have become slightly more cautious. Consequently Renault Trucks is adapting its production levels in the beginning of 2012 In order to meet the current level of demand.

Deliveries by market area: 

Delivered Units November Year-to-Date
Renault Trucks 2011 2010 Change 2011  2010   Change
Europe 4 082 4 359 -6% 44 283 31 931 39%
   Western Europe 3 634 4 060 -10% 39 674 29 727 33%
   Eastern Europe 448 299 50% 4 609 2 204 109%
North America 43 10 164 50 228%
South America 61 95 -36% 855 545 57%
Asia 527 341 55% 4 247 2 741 55%
Other markets 444 555 -20% 4 067 5 188 -22%
Total Renault Trucks 5 157 5 360 -4% 53 616 40 455 33%
Light duty (< 7t) 1 482 1 735 -15% 17 071 12 999 31%
Medium duty
(7-16t)
802 553 45% 7 194 6 682 8%
Heavy duty (>16t) 2 873 3 072 -6% 29 351 20 774 41%
Total Renault Trucks 5 157 5 360 -4% 53 616 40 455 33%

  UD Trucks

Deliveries from UD Trucks in November amounted to 2,190 units a decrease by 18% compared with the year-earlier period.

Deliveries from Asia amounted to 1,730 units a decrease of 20% compared with the year-earlier period whereof deliveries to Japan amounted to 982 units, a decrease of 23%. Excluding light-duty trucks produced and sold to Nissan Motors in November 2010, deliveries in Japan increased by 80%. The Nissan Motor contract manufacturing was discontinued in January 2011.

Deliveries from South Africa amounted to 222 units a decrease by 22% compared with the year-earlier period.

Deliveries by market area:

Delivered Units November Year-to-Date
UD Trucks 2011 2010 Change 2011 2010 Change
North America 63 69 -9% 1 029 897 15%
South America 10 40 -75% 251 268 -6%
Asia 1 730 2 168 -20% 14 977 21 616 -31%
Other markets 387 404 -4% 4 599 3 886 18%
Total UD Trucks 2 190 2 681 -18% 20 856 26 667 -22%
Light duty (< 7t) 147 956 -85% 2 521 8 611 -71%
Medium duty
(7-16t)
1 068 933 14% 9 757 8 632 13%
Heavy duty (>16t) 975 792 23% 8 578 9 424 -9%
Total UD Trucks 2 190 2 681 -18% 20 856 26 667 -22%

Eicher

Deliveries from Eicher in November totalled 1,491 trucks, up 20% compared to the year earlier period.

Deliveries by market area:

Delivered Units November Year-to-Date
Eicher 2011 2010 Change 2011 2010 Change
Asia 1 491 1 238 20% 18 443 14 511 27%
Total Eicher 1 491 1 238 20% 18 443 14 511 27%
Light duty (< 7t) 172 169 1% 2 430 1 759 38%
Medium duty
(7-16t)
1 033 935 11% 12 470 10 655 17%
Heavy duty (>16t) 286 134 113% 3 544 2 097 69%
Total Eicher 1 491 1 238 20% 18 443 14 511 27%

Volvo Group represents 50% of the total production volume for Eicher.

December 19, 2011

Reporters who would like more information, please contact:
Media Relations:
Bernard Lancelot, Renault Trucks, +33 (0)4 72 96 58 89
John Walsh, Mack, +1 336 39 32 640
Jenny Björsne, Volvo Trucks, +46 31 66 45 23
Hiroshi Nakamura, UD Trucks, +81 48 72 67 601

Investor Relations:
Patrik Stenberg, AB Volvo, +46 31 66 13 36
Anders Christensson, AB Volvo, tel +46 31 66 11 91
John Hartwell, Volvo Group North America, tel +1 212 418 7432

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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 December 19, 2011.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications and aerospace components. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. In 2010 annual sales of the Volvo Group amounted to about SEK 265 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.

 

 

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