”Order bookings for the Group's trucks continue to develop favorably and remain at a high level. We are now proceeding with increasing the pace in our industrial systems," says Volvo CEO Leif Johansson.
During the past 12 months, order bookings for the Group’s truck operations were 39% higher compared with the preceding year. Orders were up 20% in Europe, while the increase in North America was 86%.
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 | 42 261 | 39 438 | 7% |
Western Europe | 37 874 | 35 813 | 6% |
Eastern Europe | 4 387 | 3 625 | 21% |
North America | 17 129 | 12 513 | 37% |
South America | 3 351 | 2 054 | 63% |
Asia | 8 659 | 4 778 | 81% |
Other markets | 2 734 | 2 989 | -9% |
Total Volvo Group | 74 134 | 61 772 | 20% |
Mack
Deliveries from Mack through May totaled 9,327 trucks, up 28 percent from the same period a year ago. The increase in deliveries, combined with strong order support, indicates continuing optimism among North America truck customers. In light of the strength in the market, Mack has announced increases in its truck production at the Macungie and New River Valley plants during the coming months.
Deliveries by market area:
Delivered Units | Year-to-Date | Change | |
Mack | 2004 | 2003 |
|
North America | 8 621 | 6 665 | 29% |
South America | 244 | 162 | 51% |
Asia | 19 | 27 | -30% |
Other markets | 443 | 457 | -3% |
Total Mack | 9 327 | 7 311 | 28% |
Renault Trucks
Deliveries through May totaled 28,706 trucks, a rise of 14% compared with the corresponding period in the preceding year. The increase is mainly due to a strong development outside of Europe but also to a very good performance in Europe for the Renault Magnum, Renault Midlum and Renault Kerax.
In Western Europe, sales in France increased 4%, Portugal 31%, Spain 21% and UK 12%. In Eastern Europe, sales continued to develop well with strong performance in Poland and Romania. On the markets outside Europe, kit deliveries (CKD) have five folded mainly due to strong deliveries in Iran.
Deliveries by market area:
Delivered Units | Year-to-Date | Change | |
Renault Trucks | 2004 | 2003 |
|
Europe | 24 655 | 23 268 | 6% |
Western Europe | 22 720 | 21 529 | 6% |
Eastern Europe | 1 935 | 1 739 | 11% |
North America | 99 | 112 | -12% |
South America | 201 | 30 | 570% |
Asia | 2 785 | 544 | 412% |
Other markets | 966 | 1 249 | -23% |
Total Renault Trucks | 28 706 | 25 203 | 14% |
Volvo Trucks
Volvo Trucks’ deliveries during the period January-May amounted to 36,101 trucks, an increase of 23% compared with the year-earlier period. All markets are increasing and the positive trend in North America and South America continues – with rises of 47% and 56%, respectively. Deliveries in Europe were also high, an increase of 6% was reported for the period in Western Europe and a full 30% in Eastern Europe. The largest increases were noted in Germany and Spain, where the demand for heavy trucks was very strong. The increase in Asia was 39%, primarily as a result of a continued favorable level of deliveries to Iran.
Deliveries by market area:
Delivered Units | Year-to-Date | Change | |
Volvo Trucks | 2004 | 2003 |
|
Europe | 17 606 | 16 170 | 9% |
Western Europe | 15 154 | 14 284 | 6% |
Eastern Europe | 2 452 | 1 886 | 30% |
North America | 8 409 | 5 736 | 47% |
South America | 2 906 | 1 862 | 56% |
Asia | 5 855 | 4 207 | 39% |
Other markets | 1 325 | 1 283 | 3% |
Total Volvo Trucks | 36 101 | 29 258 | 23% |
June 16, 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