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Truck deliveries January-August 2007

Total deliveries of trucks from the Volvo Group’s four truck companies through August this year amounted to 135,781, which is a decrease of 4%, compared with the year-earlier period. Deliveries from Nissan Diesel only include the period April to August 2007. Excluding Nissan Diesel, deliveries amounted to 119,109, a decrease by 16%, compared with the year-earlier period.
Truck deliveries January-August 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

76 925

73 833

4%

    Western Europe

60 750

63 361

-4%

    Eastern Europe

16 175

10 472

54%

North America

18 974

46 660

-59%

South America

9 273

7 669

21%

Asia

19 024

7 362

158%

    Middle East

6 471

4 707

37%

    Other Asia

12 553

2 655

373%

Other markets

11 585

6 442

80%

Total Volvo Group

135 781

141 966

-4%

Mack
Deliveries through August totaled 11,541, down 54% compared with the year-earlier period. As a result of the pre-buy in 2006, pre-US’07 trucks remaining in dealer inventories, weakness in the freight environment, and the downturn in the housing construction market, demand for heavy-duty trucks in North America continues to be low.

Mack deliveries also remain impacted by production disruptions associated with the transition to US’07 products and internal industrial optimization. 
  
Deliveries by market area:

Delivered Units

Year-to-Date

Change

Mack

2007

2006

 

North America

8 502

21 976

-61%

South America

1 908

1 964

-3%

Asia

147

72

104%

    Middle East

131

71

85%

    Other Asia

16

1

1500%

Other markets

984

851

16%

Total Mack

11 541

24 863

-54%

Renault Trucks
Deliveries through August totaled 47,758 trucks, down 7% compared with the year-earlier period, again due to the late replacement of the Renault Mascott which started in June. Apart from Renault Mascott, the sales for the rest of the ranges increased by 6%. Deliveries of the new Renault Maxity amounted to 4,110 units (0). Deliveries in Germany rose 61%, Switzerland and Austria were up 52% and 47% respectively. Deliveries in Russia increased to 528 units, up 179%.

Deliveries by market area:

Delivered Units

Year-to-Date

Change

Renault Trucks

2007

2006

 

Europe

41 042

43 895

-6%

    Western Europe

35 763

39 284

-9%

    Eastern Europe

5 279

4 611

14%

North America

300

487

-38%

South America

735

870

-16%

Asia

2 531

2 721

-7%

    Middle East

2 277

2 458

-7%

    Other Asia

254

263

-3%

Other markets

3 150

3 378

-7%

Total Renault Trucks

47 758

51 351

-7%

Volvo Trucks
Volvo Trucks’ deliveries during the period January-August amounted to 59,810 vehicles, down 9% compared with the year-earlier period. In North America, 9,082 trucks were delivered, which is a decline of 62% compared with the preceding year prior to implementation of new exhaust emission standards. Deliveries were also affected by change-over problems at the plant in New River Valley, USA.

In general, the demand for transports is highly favourable for Volvo Trucks in other parts of the world. Deliveries rose 86% on markets in Eastern Europe. During the current period, the increase was 26% in South America and 20% in Asia.

Deliveries by market area: 

Delivered Units

Year-to-Date

Change

Volvo Trucks

2007

2006

 

Europe

35 876

29 938

20%

    Western Europe

24 987

24 077

4%

    Eastern Europe

10 889

5 861

86%

North America

9 082

24 197

-62%

South America

6 113

4 835

26%

Asia

5 492

4 569

20%

    Middle East

2 833

2 178

30%

    Other Asia

2 659

2 391

11%

Other markets

3 247

2 213

47%

Total Volvo Trucks

59 810

65 752

-9%

Nissan Diesel - Restated numbers for June and July
Previously announced figures for Nissan Diesel in certain markets were double reported for June and July. The correct figures for these months are available at www.volvo.com->investors->truck deliveries. The table below shows the restated numbers.

Nissan Diesels deliveries during the period April-August amounted to 16,672 vehicles.

Delivered Units

April 1-to-Date

Change

Nissan Diesel

2007

2006

 

Europe

7

-

n.a

    Western Europe

0

-

n.a

    Eastern Europe

7

-

n.a

North America

1 090

-

n.a

South America

517

-

n.a

Asia

10 854

-

n.a

    Middle East

1 230

-

n.a

    Other Asia

9 624

-

n.a

Other markets

4 204

-

n.a

Total Nissan Diesel

16 672

-

n.a

Historical truck deliveries for Nissan Diesel are available on:
www.volvo.com->investors->truck deliveries.

September 24, 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
Patrik Stenberg, AB Volvo, +46 31 66 13 36

The character of the information is such that AB Volvo (publ) may be under an obligation to disclose it in accordance with the Swedish Securities and Clearing Operations Act and/or the Swedish Financial Instruments Act. The information was disclosed to the media on 0924, 2007 at 08.30 a.m.