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Truck deliveries October 2008

Total deliveries of trucks from the Volvo Group’s truck operations in October amounted to 22,136 which is a decrease of 12%, compared with the year-earlier period.
image text: Truck deliveries October 2008
In the current uncertain macro economic environment, customers continue to be very cautious and are in many cases waiting with their investment decisions. In Europe, the weak order intake trend from the third quarter continues with net order intake being negatively affected by a further weakening inflow of new orders as well as a substantial level of cancellations of previously placed orders. A weakened demand is also noted outside Europe and North America. Volvo Trucks and Renault Trucks are responding to the weakening demand by reducing production rates in the fourth quarter by taking stop days and stop weeks in the European manufacturing system, in particular in December.

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

Delivered Units

Isolated month

Change

Year-to-Date

Change

Volvo Group

2008

2007

 

2008

2007

 

Europe

10 074

14 036

-28%

107 076

102 366

5%

    Western Europe

8 168

10 904

-25%

83 208

80 556

3%

    Eastern Europe

1 906

3 132

-39%

23 868

21 810

9%

North America

2 443

3 305

-26%

24 954

25 363

-2%

South America

1 918

1 586

21%

15 261

12 031

27%

Asia

5 827

4 372

33%

50 181

30 191

66%

    Middle East

1 925

996

93%

13 956

8 286

68%

    Other Asia

3 902

3 376

16%

36 225

21 905

65%

Other markets

1 874

1 918

-2%

16 551

15 097

10%

Total Volvo Group

22 136

25 217

-12%

214 023

185 048

16%

 

 

 

 

 

 

 

Light duty (< 7t)

2 829

4 561

-38%

35 881

28 528

26%

Medium duty (7-16t)

2 958

2 948

0%

27 044

21 641

25%

Heavy duty (>16t)

16 348

17 708

-8%

151 098

134 879

12%

Total Volvo Group

22 136

25 217

-12%

214 023

185 048

16%

For the complete version of truck deliveries, see attached document, also visit VolvoGroup.com -> investors -> truckdeliveries

November 18, 2008

Reporters who want more information, please contact:

Media Relations:
Mårten Wikforss, AB Volvo, +46 31 66 11 27 or +46 705 59 11 49

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