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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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.

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