Truck deliveries in October 2012
Total deliveries from the Volvo Group’s truck operations in October 2012 amounted to 20,254 vehicles. This was a decrease of 8% compared with the year-earlier month.
Volvo Group
Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and Eicher):
| Delivered Units | October | Change | Year-to-date | Change | ||
| Volvo Group | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 8 634 | 8 743 | -1% | 69 329 | 77 524 | -11% |
| Western Europe | 6 535 | 6 529 | 0% | 52 517 | 62 044 | -15% |
| Eastern Europe | 2 099 | 2 214 | -5% | 16 812 | 15 480 | 9% |
| North America | 3 303 | 4 045 | -18% | 40 632 | 32 985 | 23% |
| South America | 2 298 | 2 379 | -3% | 19 248 | 23 810 | -19% |
| Asia | 4 486 | 5 359 | -16% | 42 180 | 44 918 | -6% |
| Other markets | 1 533 | 1 502 | 2% | 14 255 | 12 553 | 14% |
| Total Volvo Group | 20 254 | 22 028 | -8% | 185 644 | 191 790 | -3% |
| Light duty (< 7t) | 1 595 | 1 624 | -2% | 15 232 | 20 221 | -25% |
| Medium duty (7-16t) | 2 891 | 3 292 | -12% | 27 611 | 28 039 | -2% |
| Heavy duty (>16t) | 15 768 | 17 113 | -8% | 142 802 | 143 531 | -1% |
| Total Volvo Group | 20 254 | 22 028 | -8% | 185 644 | 191 790 | -3% |
Volvo
Deliveries of Volvo branded trucks in October decreased by 10% to 10,051 vehicles compared with the same month last year.
In Europe, deliveries decreased by 6% to 4,350 trucks in total compared to October last year. The current slowdown in economic activity and uncertainty about the future business climate in the region is clearly having a negative impact on demand for trucks. Decisions have been made to lower production of Volvo trucks in Europe by removing shifts and using stop days for the remainder of the year to meet the lower demand seen in the third quarter.
October deliveries in Asia amounted to 1,211 units in total, a decrease of 15% compared to the same month last year.
October deliveries in North America decreased 14% to 2,144 vehicles in comparison with the same month last year. Demand in the long-haul segment has slowed, symptomatic of the continued overall economic uncertainty.
Deliveries for South America decreased 13% in October compared with the same month last year. The decrease is primarily a result of the slow economic growth thus far in 2012. However, there are signs that the Brazilian government stimulus package has gained traction, and demand is improving.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-date | Change | ||
| Volvo | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 4 350 | 4 628 | -6% | 35 268 | 37 276 | -5% |
| Western Europe | 2 799 | 3 030 | -8% | 22 705 | 26 004 | -13% |
| Eastern Europe | 1 551 | 1 598 | -3% | 12 563 | 11 272 | 11% |
| North America | 2 144 | 2 501 | -14% | 21 641 | 19 580 | 11% |
| South America | 1 793 | 2 050 | -13% | 15 859 | 20 436 | -22% |
| Asia | 1 211 | 1 433 | -15% | 8 984 | 10 992 | -18% |
| Other markets | 553 | 498 | 11% | 4 892 | 3 831 | 28% |
| Total Volvo | 10 051 | 11 110 | -10% | 86 644 | 92 115 | -6% |
| Medium duty (7-16t) | 192 | 183 | 5% | 1 439 | 1 521 | -5% |
| Heavy duty (>16t) | 9 859 | 10 927 | -10% | 85 205 | 90 594 | -6% |
| Total Volvo | 10 051 | 11 110 | -10% | 86 644 | 92 115 | -6% |
Mack
Deliveries for Mack in October totaled 1,506 vehicles, a 16% decrease compared with October 2011, as economic uncertainty continued to affect overall demand around the world.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-date | Change | ||
| Mack | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 18 | 47 | -62% | 44 | 47 | -6% |
| Western Europe | ||||||
| Eastern Europe | 18 | 47 | -62% | 44 | 47 | -6% |
| North America | 1 056 | 1 438 | -27% | 18 454 | 12 318 | 50% |
| South America | 342 | 232 | 47% | 2 282 | 2 339 | -2% |
| Asia | 5 | -100% | 30 | 7 | 329% | |
| Other markets | 90 | 71 | 27% | 948 | 887 | 7% |
| Total Mack | 1 506 | 1 793 | -16% | 21 758 | 15 598 | 39% |
| Heavy duty (>16t) | 1 506 | 1 793 | -16% | 21 758 | 15 598 | 39% |
| Total Mack | 1 506 | 1 793 | -16% | 21 758 | 15 598 | 39% |
Renault Trucks
In October, 5,438 Renault branded trucks were delivered, an increase of 7% compared to the year-earlier month. In Renault Trucks’ main market, Europe, deliveries increased by 5%.
Year to date, total deliveries went down by 11%. The current slowdown in economic activity and uncertainty about the future business climate in Europe is clearly having a negative impact on demand for trucks. The weakening market conditions in Southern Europe and France continues. As a consequence, the production of Renault trucks in Europe, have been adjusted downwards to meet the lower demand seen in the third quarter and, in addition, as from the end of November short-term weeks will be introduced in plants producing Renault trucks.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-date | Change | ||
| Renault Trucks | 2012 | 2011 | 2012 | 2011 | ||
| Europe | 4 266 | 4 068 | 5% | 34 017 | 40 201 | -15% |
| Western Europe | 3 736 | 3 499 | 7% | 29 812 | 36 040 | -17% |
| Eastern Europe | 530 | 569 | -7% | 4 205 | 4 161 | 1% |
| North America | 43 | 17 | 153% | 108 | 121 | -11% |
| South America | 122 | 66 | 85% | 974 | 794 | 23% |
| Asia | 343 | 475 | -28% | 3 194 | 3 720 | -14% |
| Other markets | 664 | 480 | 38% | 4 604 | 3 623 | 27% |
| Total Renault Trucks | 5 438 | 5 106 | 7% | 42 897 | 48 459 | -11% |
| Light duty (< 7t) | 1 201 | 1 236 | -3% | 11 599 | 15 589 | -26% |
| Medium duty (7-16t) | 830 | 741 | 12% | 6 061 | 6 392 | -5% |
| Heavy duty (>16t) | 3 407 | 3 129 | 9% | 25 237 | 26 478 | -5% |
| Total Renault Trucks | 5 438 | 5 106 | 7% | 42 897 | 48 459 | -11% |
UD
Deliveries from UD Trucks in October totaled 1,551 units, a decline of 29%. The decline is mainly a consequence of a weakening in the Japanese market after the incentives to buy new trucks were ended in July.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-date | Change | ||
| UD | 2012 | 2011 | 2012 | 2011 | ||
| North America | 60 | 89 | -33% | 429 | 966 | -56% |
| South America | 41 | 31 | 32% | 133 | 241 | -45% |
| Asia | 1 224 | 1 599 | -23% | 13 772 | 13 247 | 4% |
| Other markets | 226 | 453 | -50% | 3 811 | 4 212 | -10% |
| Total UD | 1 551 | 2 172 | -29% | 18 145 | 18 666 | -3% |
| Light duty (< 7t) | 191 | 137 | 39% | 1 678 | 2 374 | -29% |
| Medium duty (7-16t) | 733 | 1 118 | -34% | 9 228 | 8 689 | 6% |
| Heavy duty (>16t) | 627 | 917 | -32% | 7 239 | 7 603 | -5% |
| Total UD | 1 551 | 2 172 | -29% | 18 145 | 18 666 | -3% |
Eicher
Deliveries of Eicher branded trucks in October decreased by 8% to 1,708 trucks compared to the same month last year.
Deliveries by market area:
| Delivered Units | October | Change | Year-to-date | Change | ||
| Eicher | 2012 | 2011 | 2012 | 2011 | ||
| Asia | 1 708 | 1 848 | -8% | 16 200 | 16 952 | -4% |
| Total Eicher | 1 708 | 1 848 | -8% | 16 200 | 16 952 | -4% |
| Light duty (< 7t) | 203 | 251 | -19% | 1 955 | 2 258 | -13% |
| Medium duty (7-16t) | 1 136 | 1 250 | -9% | 10 883 | 11 437 | -5% |
| Heavy duty (>16t) | 370 | 348 | 6% | 3 363 | 3 258 | 3% |
| Total Eicher | 1 708 | 1 848 | -8% | 16 200 | 16 952 | -4% |
Volvo Group represents 50% of the total production volume for Eicher.
November 16, 2012
Reporters who would like more information, please contact:
Media Relations at Volvo Group at +46 31 66 11 81
Truck brands:
Renault Trucks, Charlotte Roudovski, +33 4 72 96 29 76
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Lennart Pilskog, +46 31 66 49 26
UD, Per Sundström, +81 80 40 64 92 33
Investor Relations:
Christer Johansson, AB Volvo, +46 739 02 25 22
Anders Christensson, AB Volvo, +46 31 66 11 91
John Hartwell, Volvo Group North America, +1 201-252-8844
For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.
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, 2012.
The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications. 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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