Market Overview

Volvo: Truck deliveries in January 2012

GÖTEBORG, Sweden--(BUSINESS WIRE)--

Regulatory News:

Volvo (STO:VOLVA)(STO:VOLVB):

Total deliveries from the Volvo Group's truck operations in January amounted to 15 647 vehicles. This was an increase of 2% compared with the year-earlier period.

Volvo Group

Delivered Units   January   Change  
Volvo Group 2012 2011
Europe 6 234 6 006 4%
Western Europe 5 148 5 175 -1%
Eastern Europe 1 086 831 31%
North America 3 144 2 587 22%
South America 1 183 1 414 -16%
Asia 4 055 4 357 -7%
Other markets 1 031 913 13%
Total Volvo Group 15 647 15 277 2%
 
Light duty (< 7t) 1 733 2 333 -26%
Medium duty (7-16t) 2 655 2 448 8%
Heavy duty (>16t) 11 259 10 496 7%
Total Volvo Group 15 647 15 277 2%

Volvo Trucks

Volvo Trucks' deliveries for January rose 5% to 6,822 trucks, compared with the year-earlier period.

In total, deliveries in Europe amounted to 2,961 trucks in January, up 6%, year-on-year. In western Europe the deliveries decreased 3% due to continued uncertainty in terms of economic development.

In the Russian market, demand for trucks remained favorable and deliveries in January rose to 285 trucks, compared with January 2011 when 125 trucks were delivered. As a whole, deliveries in Eastern Europe increased 39% in January.

Deliveries in South America declined 18% to 1,042 trucks in January due to tougher emission standards starting January 1 2012, followed by lower demand and need for adapting production levels as planned.

In North America, January deliveries rose 15% to 1,582 trucks, year-on-year, despite the postponement of some deliveries due to a defective component supplied to Volvo and several other North American manufacturers. This impact is expected to continue in February, with recovery thereafter. Underlying demand remains at a good level, driven primarily by the need to replace the industry's aging highway truck population. Volvo is continuing to win over new customers with the fuel economy and performance of its proprietary engines and I-Shift automated manual transmission.

Delivered Units   January   Change  
Volvo Trucks 2012 2011
Europe 2 961 2 805 6%
Western Europe 2 168 2 233 -3%
Eastern Europe 793 572 39%
North America 1 582 1 376 15%
South America 1 042 1 264 -18%
Asia 914 874 5%
Other markets 323 184 76%
Total Volvo Trucks 6 822 6 503 5%
 
Medium duty (7-16t) 139 130 7%
Heavy duty (>16t) 6 683 6 373 5%
Total Volvo Trucks 6 822 6 503 5%

Mack

Deliveries in January totaled 1,593 vehicles, up 25% compared with year-earlier period. Though there are signs of improvement in the energy sector, the overall vocational truck segment remains weak, and Mack has compensated with a strong focus on sales of its Pinnacle highway models.

Deliveries by market area:

Delivered Units   January   Change  
Mack 2012 2011
North America 1 467 1 149 28%
South America 66 105 -37%
Other markets 60 22 173%
Total Mack 1 593 1 276 25%
Heavy duty (>16t) 1 593 1 276 25%
Total Mack 1 593 1 276 25%

Renault Trucks

Deliveries in January increased by 2% compared to the same period last year. The French assembly plants where the Renault Trucks are produced adapted their production rate to the market level without having to introduce any short time weeks.

Deliveries by market area:

Delivered Units   January   Change  
Renault Trucks 2012 2011
Europe 3 273 3 201 2%
Western Europe 2 980 2 942 1%
Eastern Europe 293 259 13%
North America 17 4
South America 57 40 43%
Asia 257 191 35%
Other markets 246 332 -26%
Total Renault Trucks 3 850 3 768 2%
 
Light duty (< 7t) 1 282 1 201 7%
Medium duty (7-16t) 536 542 -1%
Heavy duty (>16t) 2 032 2 025 0%
Total Renault Trucks 3 850 3 768 2%

UD Trucks

In total 1,726 UD Trucks were delivered in January, down 17% compared with the year-earlier period.

In Japan, the number of deliveries including light-duty was 599 units, decreased by 49% compared with the year-earlier period. This is due to the end of contract manufacturing of light-duty trucks for Nissan Motor at the end of January, 2011.

Excluding the light-duty trucks produced for Nissan Motor within the collaboration framework, deliveries this year increased by 50%.

In South East Asia, deliveries to Indonesia rose by 102%.

Deliveries by market area:

Delivered Units   January   Change  
UD Trucks 2012 2011
North America 78 58 34%
South America 18 5 260%
Asia 1 228 1 635 -25%
Other markets 402 375 7%
Total UD Trucks 1 726 2 073 -17%
 
Light duty (< 7t) 183 992 -82%
Medium duty (7-16t) 885 532 66%
Heavy duty (>16t) 658 549 20%
Total UD Trucks 1 726 2 073 -17%

Eicher

Deliveries from Eicher in November totalled 1,656 trucks, flat compared to the year earlier period.

Deliveries by market area:

Delivered Units   January   Change  
Eicher 2012 2011
Asia 1 656 1 657 0%
Total Eicher 1 656 1 657 0%
 
Light duty (< 7t) 268 140 91%
Medium duty (7-16t) 1 095 1 244 -12%
Heavy duty (>16t) 293 273 7%
Total Eicher 1 656 1 657 0%

Volvo Group represents 50% of the total production volume for Eicher.

February 22, 2012

For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.

Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG2 file or by Beta SP tape. Registration and video is free to the media.

AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.The information was submitted for publication at 08:30 a.m. in February 22, 2012.

The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications and aerospace components. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone

This information was brought to you by Cision http://www.cisionwire.com

Media Relations:
Bernard Lancelot, Renault Trucks
+33 (0)4 72 96 58 89
or
John Mies, Mack Trucks
+1 336 39 34 300
or
Jenny Björsne, Volvo Trucks
+46 31 66 45 23
or
Hiroshi Nakamura, UD Trucks
+81 48 72 67 601
or
Investor Relations:
AB Volvo
Patrik Stenberg
+46 31 66 13 36
or
Anders Christensson
tel +46 31 66 11 91
or
John Hartwell, Volvo Group North America
tel +1 212 418 7432

 

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