Truck deliveries in August 2011
Total deliveries from the Volvo Group’s truck operations in August amounted to15,557 vehicles. This was an increase of 35% 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 | August | Change | Year-to-Date | Change | ||
| Volvo Group | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 4 166 | 2 737 | 52% | 60 175 | 35 587 | 69% |
| Western Europe | 3 201 | 2 309 | 39% | 48 640 | 30 858 | 58% |
| Eastern Europe | 965 | 428 | 125% | 11 535 | 4 729 | 144% |
| North America | 3 096 | 1 973 | 57% | 24 760 | 13 308 | 86% |
| South America | 2 964 | 1 709 | 73% | 18 969 | 13 442 | 41% |
| Asia | 4 067 | 3 824 | 6% | 33 883 | 33 514 | 1% |
| Other markets | 1 264 | 1 239 | 2% | 9 647 | 9 561 | 1% |
| Total Volvo Group | 15 557 | 11 482 | 35% | 147 434 | 105 412 | 40% |
| Light duty (< 7t) | 1 236 | 1 340 | -8% | 16 195 | 15 726 | 3% |
| Medium duty (7-16t) | 2 547 | 1 916 | 33% | 21 113 | 19 538 | 8% |
| Heavy duty (>16t) | 11 775 | 8 226 | 43% | 110 127 | 70 148 | 57% |
| Total Volvo Group | 15 557 | 11 482 | 35% | 147 434 | 105 412 | 40% |
Volvo Trucks
Volvo Trucks’ deliveries in August rose 59% year-on-year. Delivery increases were reported in all major markets.
Deliveries in Europe totaled 1,787 trucks, up 54% year-on-year. The month of August has traditionally been characterized by somewhat lower delivery activity due to the vacation period in Europe.
Truck deliveries in eastern Europe rose 100%. The trend inRussiaremained highly positive and the number of deliveries in August increased 186% to 272 vehicles compared with August 2010.
The company continued to perform well in South America, where deliveries in Brazil reached an all-time high in August. Deliveries also increased for Volvo FH, Volvo FM and Volvo VM. Volvo Trucks maintained its market-leading position in the heavy truck segment in Brazil. In total, deliveries in South America rose 65% to 2,471 trucks compared with August 2010.
Truck deliveries in the North American market increased 74% during August to 2,105 vehicles, despite disruptions due to component shortages in the industrial sector as a whole.
Deliveries by market area:
| Delivered Units | August | Change | Year-to-Date | Change | ||
| Volvo Trucks | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 1 787 | 1 157 | 54% | 28 582 | 15 619 | 83% |
| Western Europe | 1 119 | 823 | 36% | 20 184 | 12 335 | 64% |
| Eastern Europe | 668 | 334 | 100% | 8 398 | 3 284 | 156% |
| North America | 2 105 | 1 210 | 74% | 14 370 | 6 758 | 113% |
| South America | 2 471 | 1 500 | 65% | 16 381 | 11 844 | 38% |
| Asia | 722 | 593 | 22% | 8 050 | 5 804 | 39% |
| Other markets | 508 | 328 | 55% | 2 892 | 2 684 | 8% |
| Total Volvo Trucks | 7 593 | 4 788 | 59% | 70 275 | 42 709 | 65% |
| Medium duty (7-16t) | 87 | 50 | 74% | 1 165 | 1 153 | 1% |
| Heavy duty (>16t) | 7 506 | 4 738 | 58% | 69 110 | 41 556 | 66% |
| Total Volvo Trucks | 7 593 | 4 788 | 59% | 70 275 | 42 709 | 65% |
Mack
Despite ongoing weakness in construction, Mack deliveries in August totaled 1,365 vehicles, up 38% compared with the year-earlier period. While the replacement demand that's been driving heavy-duty truck sales continues, the industry is being challenged by production delays resulting from component shortages.
Deliveries by market area:
| Delivered Units | August | Change | Year-to-Date | Change | ||
| Mack | 2011 | 2010 | 2011 | 2010 | ||
| North America | 891 | 736 | 21% | 9 527 | 5 806 | 64% |
| South America | 360 | 129 | 179% | 1 792 | 1 135 | 58% |
| Asia | 6 | -100% | 2 | 31 | -94% | |
| Other markets | 114 | 115 | -1% | 718 | 629 | 14% |
| Total Mack | 1 365 | 986 | 38% | 12 039 | 7 601 | 58% |
| Medium Duty (7-16t) | 1 | |||||
| Heavy duty (>16t) | 1 365 | 986 | 38% | 12 039 | 7 600 | 58% |
| Total Mack | 1 365 | 986 | 38% | 12 039 | 7 601 | 58% |
Renault Trucks
Deliveries in August increased by 38% compared to same period last year.
In Europe 2,379 trucks were delivered in August, up 51% compared to the year-earlier period. Also deliveries to markets in Asia and South America showed good progress with increases of 93% and 136% respectively.
Deliveries to other markets declined by 43%, marked by the political and economic situation in North Africa and the Middle East, countries in which the company is well established.
Deliveries by market area:
| Delivered Units | August | Change | Year-to-Date | Change | ||
| Renault Trucks | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 2 379 | 1 580 | 51% | 31 593 | 19 968 | 58% |
| Western Europe | 2 082 | 1 486 | 40% | 28 456 | 18 523 | 54% |
| Eastern Europe | 297 | 94 | 216% | 3 137 | 1 445 | 117% |
| North America | 5 | 78 | 27 | 189% | ||
| South America | 104 | 44 | 136% | 626 | 314 | 99% |
| Asia | 268 | 139 | 93% | 2 986 | 1 761 | 70% |
| Other markets | 231 | 402 | -43% | 2 780 | 3 538 | -21% |
| Total Renault Trucks | 2 987 | 2 165 | 38% | 38 063 | 25 608 | 49% |
| Light duty (< 7t) | 893 | 584 | 53% | 12 393 | 8 379 | 48% |
| Medium duty (7-16t) | 371 | 355 | 5% | 4 988 | 4 763 | 5% |
| Heavy duty (>16t) | 1 723 | 1 226 | 41% | 20 682 | 12 466 | 66% |
| Total Renault Trucks | 2 987 | 2 165 | 38% | 38 063 | 25 608 | 49% |
UD Trucks
Deliveries from UD Trucks in August amounted to 2,066 units, decreased by 12% compared with the year-earlier period.
Deliveries in Asia amounted to 1,531 units, decreased by 19% compared with the year-earlier period.
Deliveries in Japan amounted to 925 units, decreased by 26% compared with the year-earlier period. This is due to the end of contract manufacturing of light-duty trucks for Nissan Motor on January, 2011. Excluding the light-duty trucks produced for Nissan Motor within the collaboration framework in 2010 deliveries this year increased by 19 %.
Deliveries by market area:
| Delivered Units | August | Change | Year-to-Date | Change | ||
| UD Trucks | 2011 | 2010 | 2011 | 2010 | ||
| North America | 95 | 27 | 252% | 785 | 717 | 9% |
| South America | 29 | 36 | -19% | 170 | 149 | 14% |
| Asia | 1 531 | 1 885 | -19% | 9 763 | 15 796 | -38% |
| Other markets | 411 | 394 | 4% | 3 257 | 2 710 | 20% |
| Total UD Trucks | 2 066 | 2 342 | -12% | 13 975 | 19 372 | -28% |
| Light duty (< 7t) | 161 | 640 | -75% | 2 025 | 6 155 | -67% |
| Medium duty (7-16t) | 1 051 | 618 | 70% | 6 198 | 6 119 | 1% |
| Heavy duty (>16t) | 854 | 1 084 | -21% | 5 752 | 7 098 | -19% |
| Total UD Trucks | 2 066 | 2 342 | -12% | 13 975 | 19 372 | -28% |
Eicher
Deliveries from Eicher in August totalled 1,547 trucks, up 29% compared to the year earlier period.
Deliveries by market area:
| Delivered Units | August | Change | Year-to-Date | Change | ||
| Eicher | 2011 | 2010 | 2011 | 2010 | ||
| Asia | 1 547 | 1 201 | 29% | 13 083 | 10 123 | 29% |
| Total Eicher | 1 547 | 1 201 | 29% | 13 083 | 10 123 | 29% |
| Light duty (< 7t) | 182 | 116 | 56% | 1 777 | 1 192 | 49% |
| Medium duty (7-16t) | 1 038 | 893 | 16% | 8 762 | 7 502 | 17% |
| Heavy duty (>16t) | 327 | 192 | 70% | 2 544 | 1 429 | 78% |
| Total Eicher | 1 547 | 1 201 | 29% | 13 083 | 10 123 | 29% |
Volvo Group represents 50% of the total production volume for Eicher.
September 15, 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 September 15, 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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