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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