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
