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Truck deliveries January-November 2007

Total deliveries of trucks from the Volvo Group’s four truck companies through November this year amounted to 209,426, which is an increase of 4%, compared with the year-earlier period. Deliveries from Nissan Diesel only include the period April to November 2007. Excluding Nissan Diesel, deliveries amounted to 177,492 a decrease by 12%, compared with the year-earlier period.
Truck deliveries January-November 2007
Demand in Europe continues to be strong, in particular in Eastern Europe. South America and Asia are progressing well, while North America continues to be weak.

To meet the high demand in foremost Europe, the industrial system is currently very stretched. This results in increased production costs. The supplier network is also operating at high capacity utilization, which leads to increased cost pressure on purchased components until new capacity investments are in place.

Total deliveries by market for the Volvo Group’s truck companies (Mack, Nissan Diesel, Renault Trucks and Volvo Trucks):

Delivered Units

Year-to-Date

Change

Volvo Group

2007

2006

 

Europe

115 772

104 598

11%

    Western Europe

91 156

89 228

2%

    Eastern Europe

24 616

15 370

60%

North America

28 561

65 238

-56%

South America

13 565

10 700

27%

Asia

34 702

11 160

211%

    Middle East

9 612

7 336

31%

    Other Asia

25 090

3 824

556%

Other markets

16 826

9 354

80%

Total Volvo Group

209 426

201 050

4%

Mack
Deliveries through November totaled 16,900, down 50% compared with the year-earlier period. The deliveries numbers reflect continuing soft demand for heavy-duty trucks in North America. The effects of the pre-buy (dramatic downturn in the market) occurred as expected in the first half of 2007. The market is coming back slower than anticipated in the second half of 2007 due to economic realities including weakness in the freight environment and the drop-off in housing construction. The fact that other markets around the world in which Mack does business have remained relatively strong has been helpful in weathering the current weakness in North America.

Deliveries by market area:

Delivered Units

Year-to-Date

Change

Mack

2007

2006

 

North America

12 564

30 346

-59%

South America

2 709

2 474

9%

Asia

209

75

179%

    Middle East

188

73

158%

    Other Asia

21

2

950%

Other markets

1 418

1 240

14%

Total Mack

16 900

34 135

-50%

Renault Trucks
Deliveries through November totaled 71,821 trucks, up 1% compared with the year-earlier period. The Renault Premium ranges increased by 17%, a sign of the interest shown by customers for these ranges. The Renault Magnum increased deliveries with 12% and after eight months on the market, deliveries of The Renault Maxity amounted to 6 100 units.

Deliveries by market area:

Delivered Units

Year-to-Date

Change

Renault Trucks

2007

2006

 

Europe

62 420

60 268

4%

    Western Europe

54 154

53 794

1%

    Eastern Europe

8 266

6 474

28%

North America

449

842

-47%

South America

1 014

1 112

-9%

Asia

3 537

4 423

-20%

    Middle East

3 209

4 012

-20%

    Other Asia

328

411

-20%

Other markets

4 401

4 812

-9%

Total Renault Trucks

71 821

71 457

1%

Volvo Trucks
Volvo Trucks’ deliveries during the period January-November amounted to 88,771 vehicles, down 7% compared with the year-earlier period. The deliveries increased in all regions except North America. The strong development in Eastern Europe continued with a growth of 84 % to 16 330. The demand in Western Europe remained on a high level with 4 % increased deliveries. The North American market in 2007 was coloured by the strong pre-buy in 2006 and the changeover to the new US 07 emission standards. The deliveries dropped by 59 % compared to the same period last year. The South American markets increased by 28 %, reflecting a strong development in several countries. The Asian markets grew by 18 %, mainly driven by the Middle East which increased by 30%.

Deliveries by market area: 

Delivered Units

Year-to-Date

Change

Volvo Trucks

2007

2006

 

Europe

53 332

44 330

20%

    Western Europe

37 002

35 434

4%

    Eastern Europe

16 330

8 896

84%

North America

14 023

34 050

-59%

South America

9 107

7 114

28%

Asia

7 845

6 662

18%

    Middle East

4 214

3 251

30%

    Other Asia

3 631

3 411

6%

Other markets

4 464

3 302

35%

Total Volvo Trucks

88 771

95 458

-7%

Nissan Diesel
Nissan Diesels deliveries during the period April-November amounted to 31,934 vehicles.

Deliveries by market area: 

Delivered Units

April 1-to-Date

Change

Nissan Diesel

2007

2006

 

Europe

20

-

                        n.a

    Western Europe

0

-

                        n.a

    Eastern Europe

20

-

                        n.a

North America

1 525

-

                        n.a

South America

735

-

                        n.a

Asia

23 111

-

                        n.a

    Middle East

2 001

-

                        n.a

    Other Asia

21 110

-

                        n.a

Other markets

6 543

-

                        n.a

Total Nissan Diesel

31 934

-

                        n.a

Historical truck deliveries for Nissan Diesel are available on Volvo.com.

December 20, 2007

For reporters who want more information, please contact;
Media Relations:
Bernard Lancelot, Renault Trucks, +33 (0)4 72 96 58 89
John Walsh, Mack, +1 610 7092560
Tommy Kohle, Volvo Trucks, +46 31-66 65 17

Investor Relations:
Christer Johansson, AB Volvo, +46 31 66 13 34
Patrik Stenberg, AB Volvo, +46 31 66 13 36