Pressmeddelande

Truck deliveries January-July 2004

2004-08-26

Total deliveries of trucks from the Volvo Group’s three truck companies increased 22% through July this year, compared with the year-earlier period. Deliveries from Mack rose 26%, while deliveries from Renault Trucks were up 13%. Deliveries from Volvo Trucks increased 29% during the period.

During the past 12 months, order bookings for the Group’s truck operations were 42% higher compared with the preceding year. Orders were up 24% in Europe, while the increase in North America was 88%.

Total deliveries by market for the Volvo Group’s truck companies (Mack, Renault Trucks and Volvo Trucks):

Delivered Units	Year-to-Date		Change
Volvo Group	2004	2003
Europe	58 727	53 277	10%
Western Europe	52 155	48 064	9%
Eastern Europe	6 572	5 213	26%
North America	25 755	18 372	40%
South America	4 885	2 970	64%
Asia	12 206	7 161	70%
Middle East	9 866	5 022	96%
Other Asia	2 340	2 139	9%
Other markets	3 850	4 310	-11%
Total Volvo Group	105 423	86 090	22%

Mack
Deliveries from Mack through July totaled 13,669 trucks, up 26% compared with the year-earlier period. The gains in deliveries continue to reflect recent strength in the Class 8 (Heavy duty) truck market in North America. Although demand for new trucks in North America has cooled somewhat from the fast pace seen earlier in the year, orders and retail sales are still expected to be well above performance in 2003 through the remainder of 2004.

Deliveries by market area:

Delivered Units	Year-to-Date		Change
Mack	2004	2003
North America	12 565	9 841	28%
South America	398	247	61%
Asia	39	51	-24%
Middle East	37	47	-21%
Other Asia	2	4	-50%
Other markets	667	672	-1%
Total Mack	13 669	10 811	26%

Renault Trucks
Deliveries through July totaled 39,777 trucks, up 13% compared with the corresponding period in the preceding year, mainly due to increased deliveries both within and outside Europe. In total, sales in Western Europe increased 6% and in Eastern Europe 22%.

All ranges have been selling better than at the end of July last year. Deliveries of the Renault Midlum were up 25%, Renault Premium 15%, Renault Magnum 14%, and Renault Kerax rose 7%. The Renault Master and Mascott, sold by Renault Trucks dealer network, posted increases of 7% and 8% in volume.

Deliveries by market area:

Delivered Units	Year-to-Date		Change
Renault Trucks	2004	2003
Europe	33 951	31 632	7%
Western Europe	30 945	29 176	6%
Eastern Europe	3 006	2 456	22%
North America	128	193	-34%
South America	289	78	271%
Asia	4 052	1 342	202%
Middle East	3 856	1 114	246%
Other Asia	196	228	-14%
Other markets	1 357	1 806	-25%
Total Renault Trucks	39 777	35 051	13%

Volvo Trucks
Volvo Trucks’ deliveries during the period January-July amounted to 51,977 trucks, an increase of 29% compared with the year-earlier period. Seasonally, July is a somewhat weaker month in terms of deliveries. Nevertheless, all markets continued to rise and the highest gains were in North America and South America, with increases of 57% and 59%, respectively. Notable was the very sharp increase for Canada (+106%, 1,924 vehicles). Deliveries were also very high in Europe, with the largest increases in Germany (+35%), Spain (+33%), Poland (+26%) and France (+24%). Asia rose 41%, due mainly to strong figures from Iran (+57%).

Deliveries by market area:

Delivered Units	Year-to-Date		Change
Volvo Trucks	2004	2003
Europe	24 776	21 645	14%
Western Europe	21 210	18 888	12%
Eastern Europe	3 566	2 757	29%
North America	13 062	8 338	57%
South America	4 198	2 645	59%
Asia	8 115	5 768	41%
Middle East	5 973	3 861	55%
Other Asia	2 142	1 907	12%
Other markets	1 826	1 832	0%
Total Volvo Trucks	51 977	40 228	29%

August 26, 2004

For further information, please contact:

Media Relations:
Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59
Bob Martin, Mack, +1 (610) 709-2670
Claes Claeson, Volvo Trucks, +46 31-66 39 08

Investor Relations:
Fredrik Brunell, AB Volvo, +46 31 66 11 91

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