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% |
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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