Truck deliveries in February 2012
Total deliveries from the Volvo Group’s truck operations in February amounted to 18 395 vehicles. This was an increase of 3% 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 | February | Change | Year-to-date | Change | ||
| Volvo Group | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 6 099 | 7 665 | -20% | 12 333 | 13 671 | -10% |
| Western Europe | 4 876 | 6 243 | -22% | 10 024 | 11 418 | -12% |
| Eastern Europe | 1 223 | 1 422 | -14% | 2 309 | 2 253 | 2% |
| North America | 4 668 | 2 827 | 65% | 7 812 | 5 414 | 44% |
| South America | 1 728 | 2 175 | -21% | 2 911 | 3 589 | -19% |
| Asia | 4 295 | 3 985 | 8% | 8 350 | 8 341 | 0% |
| Other markets | 1 605 | 1 210 | 33% | 2 636 | 2 123 | 24% |
| Total Volvo Group | 18 395 | 17 862 | 3% | 34 042 | 33 138 | 3% |
| Light duty (< 7t) | 1 424 | 1 846 | -23% | 3 157 | 4 179 | -24% |
| Medium duty (7-16t) | 3 024 | 2 863 | 6% | 5 678 | 5 311 | 7% |
| Heavy duty (>16t) | 13 948 | 13 153 | 6% | 25 207 | 23 649 | 7% |
| Total Volvo Group | 18 395 | 17 862 | 3% | 34 042 | 33 138 | 3% |
Volvo Trucks
Deliveries from Volvo Trucks reached 8,238 trucks in February, down by 2% compared with the year-earlier period. In Europe, deliveries amounted to 3,077 trucks in February, down 18% compared with the corresponding period in 2011. While continued uncertainty concerning economic development in Southern Europe continued to impact truck customers in certain markets, the picture is mixed, with favorable demand in many areas. Countries such as Germany, Poland and Turkey noted significant delivery increases in February, compared with January 2012.
The Russian market has also continued to demonstrate healthy demand for trucks to date this year.
Deliveries in South America declined due to planned production reductions in the wake of new emission requirements, which were introduced on January 1, 2012. In February, deliveries declined by 24% to 1,480 trucks compared with the same period last year.
In North America, February deliveries increased 45% to 2,364 vehicles in comparison with the same period last year. The increase was primarily a result of continued replacement demand.
Deliveries by market area:
| Delivered Units | February | Change | Year-to-date | Change | ||
| Volvo Trucks | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 3 077 | 3 771 | -18% | 6 038 | 6 576 | -8% |
| Western Europe | 2 206 | 2 807 | -21% | 4 374 | 5 040 | -13% |
| Eastern Europe | 871 | 964 | -10% | 1 664 | 1 536 | 8% |
| North America | 2 364 | 1 627 | 45% | 3 946 | 3 003 | 31% |
| South America | 1 480 | 1 942 | -24% | 2 522 | 3 206 | -21% |
| Asia | 838 | 761 | 10% | 1 752 | 1 635 | 7% |
| Other markets | 479 | 335 | 43% | 802 | 519 | 55% |
| Total Volvo Trucks | 8 238 | 8 436 | -2% | 15 060 | 14 939 | 1% |
| Medium duty (7-16t) | 139 | 132 | 5% | 278 | 262 | 6% |
| Heavy duty (>16t) | 8 099 | 8 304 | -2% | 14 782 | 14 677 | 1% |
| Total Volvo Trucks | 8 238 | 8 436 | -2% | 15 060 | 14 939 | 1% |
Mack
February deliveries for Mack totaled 2,583 vehicles, a 97% increase compared with February 2011. Though construction spending in the U.S. economy began to improve, the vocational truck market remains weak. To balance this, Mack continues to focus its sales efforts on the Pinnacle, its on-highway product, as well as the popular mDRIVE automated manual transmission.
Deliveries by market area:
| Delivered Units | February | Change | Year-to-date | Change | ||
| Mack | 2012 | 2011 | 2012 | 2011 | ||
| North America | 2 240 | 1 096 | 104% | 3 707 | 2 245 | 65% |
| South America | 192 | 152 | 26% | 258 | 257 | 0% |
| Asia | 1 | 1 | ||||
| Other markets | 150 | 66 | 127% | 210 | 88 | 139% |
| Total Mack | 2 583 | 1 314 | 97% | 4 176 | 2 590 | 61% |
| Heavy duty (>16t) | 2 583 | 1 314 | 97% | 4 176 | 2 590 | 61% |
| Total Mack | 2 583 | 1 314 | 97% | 4 176 | 2 590 | 61% |
Renault Trucks
In February, Renault Trucks delivered a total of 3,868 trucks, down by 19% compared to the corresponding period last year. Deliveries of light commercial vehicles declined by -31%. In Europe 3,022 trucks were delivered in total, a decrease of 22% compared with the year-earlier-period.
Deliveries in other markets rose by 28% due to increased deliveries to markets in Northern Africa.
Deliveries by market area:
| Delivered Units | February | Change | Year-to-date | Change | ||
| Renault Trucks | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 3 022 | 3 894 | -22% | 6 295 | 7 095 | -11% |
| Western Europe | 2 670 | 3 436 | -22% | 5 650 | 6 378 | -11% |
| Eastern Europe | 352 | 458 | -23% | 645 | 717 | -10% |
| North America | 8 | 3 | 167% | 25 | 7 | 257% |
| South America | 47 | 57 | -18% | 104 | 97 | 7% |
| Asia | 236 | 378 | -38% | 493 | 569 | -13% |
| Other markets | 555 | 434 | 28% | 801 | 766 | 5% |
| Total Renault Trucks | 3 868 | 4 766 | -19% | 7 718 | 8 534 | -10% |
| Light duty (< 7t) | 1 033 | 1 482 | -30% | 2 315 | 2 683 | -14% |
| Medium duty (7-16t) | 662 | 805 | -18% | 1 198 | 1 347 | -11% |
| Heavy duty (>16t) | 2 173 | 2 479 | -12% | 4 205 | 4 504 | -7% |
| Total Renault Trucks | 3 868 | 4 766 | -19% | 7 718 | 8 534 | -10% |
UD Trucks
Deliveries from UD Trucks in February totaled 1,811 units, an increase of 14%.
In Asia, the number of deliveries was 1,325 units, an increase of 22%. In Japan, the number of deliveries was 722 units, an increase of 18% compared with the year-earlier period.
Deliveries in South East Asia continued to develop favorably and in Indonesia the number of deliveries rose by more than 100%.
Deliveries by market area:
| Delivered Units | February | Change | Year-to-date | Change | ||
| UD Trucks | 2012 | 2011 | 2012 | 2011 | ||
| North America | 56 | 101 | -45% | 134 | 159 | -16% |
| South America | 9 | 24 | -63% | 27 | 29 | -7% |
| Asia | 1 325 | 1 088 | 22% | 2 553 | 2 723 | -6% |
| Other markets | 421 | 375 | 12% | 823 | 750 | 10% |
| Total UD Trucks | 1 811 | 1 588 | 14% | 3 537 | 3 661 | -3% |
| Light duty (< 7t) | 155 | 111 | 40% | 338 | 1 103 | -69% |
| Medium duty (7-16t) | 873 | 763 | 14% | 1 758 | 1 295 | 36% |
| Heavy duty (>16t) | 783 | 714 | 10% | 1 441 | 1 263 | 14% |
| Total UD Trucks | 1 811 | 1 588 | 14% | 3 537 | 3 661 | -3% |
Eicher
Deliveries from Eicher in February totaled 1,895 trucks, up 8% compared to the year earlier period.
Deliveries by market area:
| Delivered Units | February | Change | Year-to-date | Change | ||
| Eicher | 2012 | 2011 | 2012 | 2011 | ||
| Asia | 1 895 | 1 758 | 8% | 3 551 | 3 415 | 4% |
| Total Eicher | 1 895 | 1 758 | 8% | 3 551 | 3 415 | 4% |
| Light duty (< 7t) | 236 | 253 | -7% | 504 | 393 | 28% |
| Medium duty (7-16t) | 1 350 | 1 163 | 16% | 2 444 | 2 407 | 2% |
| Heavy duty (>16t) | 310 | 343 | -10% | 603 | 616 | -2% |
| Total Eicher | 1 895 | 1 758 | 8% | 3 551 | 3 415 | 4% |
Volvo Group represents 50% of the total production volume for Eicher.
March 16, 2012
Reporters who would like more information, please contact:
Media Relations:
Bernard Lancelot, Renault Trucks, +33 (0)4 72 96 58 89
John Mies, Mack Trucks, +1 336 39 34 300
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 March 16, 2012.
For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.
Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG2 file or by Beta SP tape. Registration and video is free to the media.
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 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 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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