Truck deliveries in October 2011
Total deliveries from the Volvo Group’s truck operations in October amounted to 22,028 vehicles. This was an increase of 25% 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 | October | Change | Year-to-Date | Change | ||
| Volvo Group | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 8 743 | 7 219 | 21% | 77 524 | 49 859 | 55% |
| Western Europe | 6 529 | 6 311 | 3% | 62 044 | 43 236 | 44% |
| Eastern Europe | 2 214 | 908 | 144% | 15 480 | 6 623 | 134% |
| North America | 4 045 | 2 824 | 43% | 32 985 | 18 336 | 80% |
| South America | 2 379 | 1 877 | 27% | 23 810 | 17 143 | 39% |
| Asia | 5 359 | 4 190 | 28% | 44 918 | 43 066 | 4% |
| Other markets | 1 502 | 1 532 | -2% | 12 553 | 12 405 | 1% |
| Total Volvo Group | 22 028 | 17 642 | 25% | 191 790 | 140 809 | 36% |
| Light duty (< 7t) | 1 624 | 2 296 | -29% | 20 221 | 20 509 | -1% |
| Medium duty (7-16t) | 3 292 | 2 508 | 31% | 28 039 | 24 982 | 12% |
| Heavy duty (>16t) | 17 113 | 12 839 | 33% | 143 531 | 95 319 | 51% |
| Total Volvo Group | 22 028 | 17 642 | 25% | 191 790 | 140 809 | 36% |
Volvo Trucks
In October, Volvo Trucks delivered 11,110 vehicles, an increase of 39% compared with the year-earlier period.
Deliveries in Europe totaled 4,628 trucks, up 34% year-on-year. Truck deliveries in Eastern Europe rose 130%. The trend in Russia remained positive and the number of deliveries in October increased 150% to 561 vehicles compared with October 2010.
Truck deliveries in Brazil rose 24% year-on-year. At the transportation fair Fenatran in São Paolo October 24-28 there was a big interest for Volvo’s Euro 5 introduction. Volvo is the first truckmanufacturer introducing Euro 5 in Brazil and the technique is available in Volvo trucks in Brazil since July this year. In total, deliveries in South America rose 30% to 2,050 trucks compared with October 2010.
Truck deliveries in the North American market rose by 51% to 2,501 vehicles, reflecting continued strong replacement demand for highway trucks, and the success of the Volvo brand in driving North American fuel efficiency leadership through the combination of proprietary engines and the I-shift transmission.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-Date | Change | ||
| Volvo Trucks | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 4 628 | 3 442 | 34% | 37 276 | 22 287 | 67% |
| Western Europe | 3 030 | 2 746 | 10% | 26 004 | 17 569 | 48% |
| Eastern Europe | 1 598 | 696 | 130% | 11 272 | 4 718 | 139% |
| North America | 2 501 | 1 651 | 51% | 19 580 | 9 488 | 106% |
| South America | 2 050 | 1 582 | 30% | 20 436 | 14 917 | 37% |
| Asia | 1 433 | 895 | 60% | 10 992 | 7 899 | 39% |
| Other markets | 498 | 429 | 16% | 3 831 | 3 490 | 10% |
| Total Volvo Trucks | 11 110 | 7 999 | 39% | 92 115 | 58 081 | 59% |
| Medium duty (7-16t) | 183 | 129 | 42% | 1 521 | 1 431 | 6% |
| Heavy duty (>16t) | 10 927 | 7 870 | 39% | 90 594 | 56 650 | 60% |
| Total Volvo Trucks | 11 110 | 7 999 | 39% | 92 115 | 58 081 | 59% |
Mack
Deliveries in October totaled 1,793 vehicles, up 31% compared with the year-earlier period. Mack continues to compensate for weakness in construction through a focus on increasing sales of its highly fuel efficient Pinnacle highway models, capitalizing on the uptick in activity in the energy sector, and steady performance in the refuse market.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-Date | Change | ||
| Mack | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 47 | 47 | ||||
| Eastern Europe | 47 | 47 | ||||
| North America | 1 438 | 1 080 | 33% | 12 318 | 7 980 | 54% |
| South America | 232 | 186 | 25% | 2 339 | 1 548 | 51% |
| Asia | 5 | 11 | -55% | 7 | 46 | -85% |
| Other markets | 71 | 96 | -26% | 887 | 800 | 11% |
| Total Mack | 1 793 | 1 373 | 31% | 15 598 | 10 374 | 50% |
| Medium Duty (7-16t) | 2 | |||||
| Heavy duty (>16t) | 1 793 | 1 373 | 31% | 15 598 | 10 372 | 50% |
| Total Mack | 1 793 | 1 373 | 31% | 15 598 | 10 374 | 50% |
Renault Trucks
Deliveries in October increased by 8% compared to the same month last year. In Europe 4.068 trucks were delivered in October, an increase of 8% compared to the year earlier period. In Asia, deliveries rose by 86% to 475 trucks in October. Demand for the Renault Premium Route continued at a high level.
In October, Renault Trucks delivered a 16 ton electric Midlum to a transport company that will distribute goods to grocery shops in the inner city.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-Date | Change | ||
| Renault Trucks | 2011 | 2010 | 2011 | 2010 | ||
| Europe | 4 068 | 3 777 | 8% | 40 201 | 27 572 | 46% |
| Western Europe | 3 499 | 3 565 | -2% | 36 040 | 25 667 | 40% |
| Eastern Europe | 569 | 212 | 168% | 4 161 | 1 905 | 118% |
| North America | 17 | 3 | 121 | 40 | 203% | |
| South America | 66 | 73 | -10% | 794 | 450 | 76% |
| Asia | 475 | 255 | 86% | 3 720 | 2 400 | 55% |
| Other markets | 480 | 603 | -20% | 3 623 | 4 633 | -22% |
| Total Renault Trucks | 5 106 | 4 711 | 8% | 48 459 | 35 095 | 38% |
| Light duty (< 7t) | 1 236 | 1 454 | -15% | 15 589 | 11 264 | 38% |
| Medium duty (7-16t) | 741 | 577 | 28% | 6 392 | 6 129 | 4% |
| Heavy duty (>16t) | 3 129 | 2 680 | 17% | 26 478 | 17 702 | 50% |
| Total Renault Trucks | 5 106 | 4 711 | 8% | 48 459 | 35 095 | 38% |
UD Trucks
Deliveries from UD Trucks in October amounted to 2,172 units, an increase of 6% compared with the year-earlier period.
Deliveries in Asia amounted to 1,599 units in October, up 5% compared with the year-earlier period.
Deliveries in Japan amounted to 918 units, a decrease of 7% 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 96%.
In October 531 trucks were delivered to South-East Asia, the increase of 36% compared to last year, was mainly due to strong demand in Indonesia.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-Date | Change | ||
| UD Trucks | 2011 | 2010 | 2011 | 2010 | ||
| North America | 89 | 90 | -1% | 966 | 828 | 17% |
| South America | 31 | 36 | -14% | 241 | 228 | 6% |
| Asia | 1 599 | 1 522 | 5% | 13 247 | 19 448 | -32% |
| Other markets | 453 | 404 | 12% | 4 212 | 3 482 | 21% |
| Total UD Trucks | 2 172 | 2 052 | 6% | 18 666 | 23 986 | -22% |
| Light duty (< 7t) | 137 | 647 | -79% | 2 374 | 7 655 | -69% |
| Medium duty (7-16t) | 1 118 | 715 | 56% | 8 689 | 7 699 | 13% |
| Heavy duty (>16t) | 917 | 690 | 33% | 7 603 | 8 632 | -12% |
| Total UD Trucks | 2 172 | 2 052 | 6% | 18 666 | 23 986 | -22% |
Eicher
Deliveries from Eicher in October totalled 1,848 trucks, up 23% compared to the year earlier period.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-Date | Change | ||
| Eicher | 2011 | 2010 | 2011 | 2010 | ||
| Asia | 1 848 | 1 508 | 23% | 16 952 | 13 273 | 28% |
| Total Eicher | 1 848 | 1 508 | 23% | 16 952 | 13 273 | 28% |
| Light duty (< 7t) | 251 | 195 | 29% | 2 258 | 1 590 | 42% |
| Medium duty (7-16t) | 1 250 | 1 087 | 15% | 11 437 | 9 721 | 18% |
| Heavy duty (>16t) | 348 | 227 | 53% | 3 258 | 1 963 | 66% |
| Total Eicher | 1 848 | 1 508 | 23% | 16 952 | 13 273 | 28% |
Volvo Group represents 50% of the total production volume for Eicher.
November 16, 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 November 16, 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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