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Truck deliveries January-October 2007

Total deliveries of trucks from the Volvo Group’s four truck companies through October this year amounted to 185,048, which is an increase of 2%, compared with the year-earlier period. Deliveries from Nissan Diesel only include the period April to October 2007. Excluding Nissan Diesel, deliveries amounted to 157,031, a decrease by 13%, compared with the year-earlier period.
Truck deliveries January-October 2007
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

102 366

94 092

9%

    Western Europe

80 556

80 492

0%

    Eastern Europe

21 810

13 600

60%

North America

25 363

59 656

-57%

South America

12 031

9 646

25%

Asia

30 191

9 412

221%

    Middle East

8 286

6 021

38%

    Other Asia

21 905

3 391

546%

Other markets

15 097

8 162

85%

Total Volvo Group

185 048

180 968

2%

Mack
Deliveries through October totaled 15,361, down 51% compared with the year-earlier period. Although slightly higher than any other month this year, the deliveries numbers reflect continuing soft demand for heavy-duty trucks in North America. The lower demand is a consequence of customers pre-buying trucks in 2006 in combination with weakness in the freight environment and a drop-off in housing construction. However, the response to Mack’s US’07 products, particularly its MP engine series, remains very positive. Customers continue to report improved fuel economy and drivability - engendering confidence that the company is well positioned when demand improves.

Deliveries by market area:

Delivered Units

Year-to-Date

Change

Mack

2007

2006

 

North America

11 478

27 715

-59%

South America

2 422

2 222

9%

Asia

204

75

172%

    Middle East

183

73

151%

    Other Asia

21

2

950%

Other markets

1 257

1 107

14%

Total Mack

15 361

31 119

-51%

Renault Trucks
Deliveries through October totaled 63,539 trucks, down 2% compared with the year-earlier period. This shows the good performance of heavy duty vehicles (+5%) balancing the lack of the light truck Renault Mascott Euro 4 in the first 5 months. There is good demand for the various types of Renault Premium, in particular the Renault Premium Lander. Deliveries of the Renault Premium range reached 21,000 so far this year, which is an improvement of 11% compared with the previous year.

Deliveries by market area:

Delivered Units

Year-to-Date

Change

Renault Trucks

2007

2006

 

Europe

55 184

55 020

0%

    Western Europe

47 858

49 195

-3%

    Eastern Europe

7 326

5 825

26%

North America

398

718

-45%

South America

910

1 036

-12%

Asia

3 079

3 495

-12%

    Middle East

2 798

3 119

-10%

    Other Asia

281

376

-25%

Other markets

3 968

4 243

-6%

Total Renault Trucks

63 539

64 512

-2%

Volvo Trucks
Volvo Trucks’ deliveries during the period January-October amounted to 78,131 vehicles, down 8% compared with the year-earlier period. The single largest delivery volume ever in Europe for a month was registered in October with slightly more than 6,000 vehicles delivered. European deliveries are so far this year up 21% of which Eastern Europe accounts for most of the increase, a rise of 86%.
Production disturbances in North America earlier in the year resulted in a large order backlog with long lead-times. To address the long lead times, Volvo Trucks has temporarily increased production rates at the New River Valley Plant as from the end of October until the end of January, when the production rate will be reduced to about the same level as it was before the temporary increase.

Deliveries by market area:

Delivered Units

Year-to-Date

Change

Volvo Trucks

2007

2006

 

Europe

47 162

39 072

21%

    Western Europe

32 698

31 297

4%

    Eastern Europe

14 464

7 775

86%

North America

12 117

31 223

-61%

South America

8 037

6 388

26%

Asia

6 772

5 842

16%

    Middle East

3 507

2 829

24%

    Other Asia

3 265

3 013

8%

Other markets

4 043

2 812

44%

Total Volvo Trucks

78 131

85 337

-8%

Nissan Diesel
Nissan Diesels deliveries during the period April-October amounted to 28,017 vehicles.

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

1 370

-

                        n.a

South America

662

-

                        n.a

Asia

20 136

-

                        n.a

    Middle East

1 798

-

                        n.a

    Other Asia

18 338

-

                        n.a

Other markets

5 829

-

                        n.a

Total Nissan Diesel

28 017

-

                        n.a

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

November 23, 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
Claes Claeson, Volvo Trucks, +46 31-66 39 08

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