Volvo’s Deliveries Up 2% in July

Total deliveries of trucks from the Volvo Group’s four truck companies in July amounted to 19,243, which is an increase of 2%, compared with the year-earlier period.

Mack deliveries totaled 1,199 vehicles, down 6% compared with the year-earlier period. The results reflect weakness in the heavy-duty truck market during both periods. The primary drivers of current low demand continue to be ongoing sluggishness in the U.S. economy, including the impact of tighter credit, and high fuel prices. Customer response to the company's new engines, particularly regarding fuel economy, continues to be very positive. And fuel economy will improve even further once these engines are coupled with SCR to meet the EPA 2010 emissions regulations.

Renault Trucks deliveries totaled 5,771 trucks, down 9%. The decrease is foremost due to lower deliveries to southern Europe. The downturn regarding the economic situation in Europe, as well as high fuel prices, continues to affect the truck demand adversely.

Volvo Trucks deliveries were 8,092 vehicles, up 14%. The increase is attributable to a high pace of deliveries to South America, Asia and Eastern Europe. The downturn regarding the economic situation in Europe, as well as high fuel prices, continues to affect the truck demand adversely. The deliveries in North America were positively impacted by temporarily higher build rates while recovering production losses during the strike earlier this year. The demand on the North American market remains at a low level. The demand in South America remains strong.

Nissan Diesel deliveries were 4,181 trucks, up 2% from the corresponding period a year ago. In Asia, the number of deliveries was 3,271 units, up 11%. The high rate of deliveries in Asia was especially noted in the Middle East, where the deliveries increased by 46% to 508 units. The deliveries in South East Asia amounted to 654 units, an increase by 18%. In Japan, the number of deliveries was 1,895 units, down 2%.

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