Volvo: Truck Deliveries in November 2012

Wed Dec 19, 2012 2:59am EST

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Total deliveries from the Volvo Group`s truck operations in November 2012
amounted to 19,104 vehicles. This was a decrease of 15% compared with the
year-earlier month. 
GÖTEBORG, Sweden--(Business Wire)--
Regulatory News: 

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

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and
Eicher):

 Delivered Units        November               Change    Year-to-date               Change    
 Volvo Group            2012         2011                2012            2011                 
 Europe                 7 406        8 552     -13%      76 735          86 076     -11%      
 Western Europe         5 697        6 693     -15%      58 214          68 737     -15%      
 Eastern Europe         1 709        1 859     -8%       18 521          17 339     7%        
 North America          3 510        4 839     -27%      44 142          37 824     17%       
 South America          2 252        2 545     -12%      21 500          26 355     -18%      
 Asia                   4 357        5 153     -15%      46 537          50 071     -7%       
 Other markets          1 579        1 351     17%       15 834          13 904     14%       
 Total Volvo Group      19 104       22 440    -15%      204 748         214 230    -4%       
                                                                                              
 Light duty (< 7t)      1 519        1 801     -16%      16 751          22 022     -24%      
 Medium duty (7-16t)    2 634        3 120     -16%      30 245          31 159     -3%       
 Heavy duty (>16t)      14 952       17 520    -15%      157 753         161 050    -2%       
 Total Volvo Group      19 104       22 440    -15%      204 748         214 230    -4%       
                                                                                              


Volvo 

Deliveries of Volvo branded trucks in November decreased by 17% to 9,446
vehicles compared with the same month last year. 

In Europe, deliveries decreased by 13% to 3,835 trucks in total compared to
November last year. The current slowdown in economic activity and uncertainty
about the future business climate in the region is clearly having a negative
impact on demand for trucks. Production of Volvo trucks in Europe has been
lowered by removing shifts and using stop days for the remainder of the year to
meet the lower demand. 

November deliveries in Asia amounted to 1,132 units in total, a decrease of 19%
compared to the same month last year. 

November deliveries in North America decreased 24% to 2,243 vehicles in
comparison with the same period last year. Concerns about the economy continued
to affect the market, and a combination of stop days and rate reduction is being
implemented to align production with demand. 

Deliveries for South America decreased 21% in November compared with the same
month last year. The decrease was primarily driven by lagging effects of the
sluggish economy, but government stimulus efforts in Brazil are having an
impact, and demand continues to improve. 

Deliveries by market area:

 Delivered Units        November              Change    Year-to-date              Change    
 Volvo                  2012        2011                2012           2011                 
 Europe                 3 835       4 418     -13%      39 103         41 694     -6%       
 Western Europe         2 530       3 059     -17%      25 235         29 063     -13%      
 Eastern Europe         1 305       1 359     -4%       13 868         12 631     10%       
 North America          2 243       2 959     -24%      23 884         22 539     6%        
 South America          1 712       2 159     -21%      17 571         22 595     -22%      
 Asia                   1 132       1 406     -19%      10 116         12 398     -18%      
 Other markets          524         407       29%       5 416          4 238      28%       
 Total Volvo            9 446       11 349    -17%      96 090         103 464    -7%       
                                                                                            
 Medium duty (7-16t)    137         217       -37%      1 576          1 738      -9%       
 Heavy duty (>16t)      9 309       11 132    -16%      94 514         101 726    -7%       
 Total Volvo            9 446       11 349    -17%      96 090         103 464    -7%       
                                                                                            


Mack 

Deliveries for Mack in November totaled 1,712 vehicles, a 24% decrease compared
with November 2011. North American delivery volumes were impacted by fewer
production days, and ongoing market concerns about the potential for a "fiscal
cliff." 

Deliveries by market area:

 Delivered Units      November             Change    Year-to-date             Change    
 Mack                 2012        2011               2012           2011                
 Europe               1           52       -98%      45             99        -55%      
 Western Europe                                                                         
 Eastern Europe       1           52       -98%      45             99        -55%      
 North America        1 243       1 774    -30%      19 697         14 092    40%       
 South America        387         315      23%       2 669          2 654     1%        
 Asia                                                30             7         329%      
 Other markets        81          113      -28%      1 029          1 000     3%        
 Total Mack           1 712       2 254    -24%      23 470         17 852    31%       
                                                                                        
 Heavy duty (>16t)    1 712       2 254    -24%      23 470         17 852    31%       
 Total Mack           1 712       2 254    -24%      23 470         17 852    31%       
                                                                                        


Renault Trucks 

In November, 4,609 Renault branded trucks were delivered, a decrease of 11%
compared to the year-earlier month. 

The current slowdown in economic activity and uncertainty about the future
business climate in Europe is clearly having a negative impact on demand for
trucks. The weakening market conditions in Southern Europe and France continues.
As a consequence, the production of Renault trucks in Europe has been adjusted
downwards to meet the lower demand and, in addition, as from November 22
short-term weeks have been introduced in plants producing Renault trucks. 

Deliveries by market area:

 Delivered Units         November             Change    Year-to-date             Change    
 Renault Trucks          2012        2011               2012           2011                
 Europe                  3 570       4 082    -13%      37 587         44 283    -15%      
 Western Europe          3 167       3 634    -13%      32 979         39 674    -17%      
 Eastern Europe          403         448      -10%      4 608          4 609     0%        
 North America           21          43       -51%      129            164       -21%      
 South America           153         61       151%      1 127          855       32%       
 Asia                    357         527      -32%      3 551          4 247     -16%      
 Other markets           508         444      14%       5 112          4 067     26%       
 Total Renault Trucks    4 609       5 157    -11%      47 506         53 616    -11%      
                                                                                           
 Light duty (< 7t)       1 142       1 482    -23%      12 741         17 071    -25%      
 Medium duty (7-16t)     621         802      -23%      6 682          7 194     -7%       
 Heavy duty (>16t)       2 846       2 873    -1%       28 083         29 351    -4%       
 Total Renault Trucks    4 609       5 157    -11%      47 506         53 616    -11%      
                                                                                           


UD 

Deliveries from UD Trucks in November totaled 1,777 units, a decline of 19%. 

The decline is mainly a consequence of a 21% weakening in the Japanese market
after the incentives to buy new trucks were ended in July. However, Other
markets improved by 20% mainly due to increased demand for construction trucks
in South Africa. 

Deliveries by market area:

 Delivered Units        November             Change    Year-to-date             Change    
 UD                     2012        2011               2012           2011                
 North America          3           63       -95%      432            1 029     -58%      
 South America                      10       -100%     133            251       -47%      
 Asia                   1 308       1 730    -24%      15 080         14 977    1%        
 Other markets          466         387      20%       4 277          4 599     -7%       
 Total UD               1 777       2 190    -19%      19 922         20 856    -4%       
                                                                                          
 Light duty (< 7t)      187         147      27%       1 865          2 521     -26%      
 Medium duty (7-16t)    782         1 068    -27%      10 010         9 757     3%        
 Heavy duty (>16t)      808         975      -17%      8 047          8 578     -6%       
 Total UD               1 777       2 190    -19%      19 922         20 856    -4%       
                                                                                          


Eicher 

Deliveries of Eicher branded trucks in November increased by 5% to 1,560 trucks
compared to the same month last year. 

Deliveries by market area:

 Delivered Units        November             Change    Year-to-date             Change    
 Eicher                 2012        2011               2012           2011                
 Asia                   1 560       1 491    5%        17 760         18 443    -4%       
 Total Eicher           1 560       1 491    5%        17 760         18 443    -4%       
                                                                                          
 Light duty (< 7t)      190         172      10%       2 145          2 430     -12%      
 Medium duty (7-16t)    1 094       1 033    6%        11 977         12 470    -4%       
 Heavy duty (>16t)      277         286      -3%       3 639          3 544     3%        
 Total Eicher           1 560       1 491    5%        17 760         18 443    -4%       
                                                                                          


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

December 19, 2012 

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

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 December 19,
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.
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
Volvo Group:
Kina Wileke, +46 739-02 55 44
or
Truck brands:
Renault Trucks, Charlotte Roudovski, +33 4 72 96 29 76
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 80 40 64 92 33
or
Investor Relations
AB Volvo:
Christer Johansson, +46 739 02 25 22
Patrik Stenberg, +46 31 66 13 36
or
Volvo Group North America
John Hartwell, +1 201-252-8844 

Copyright Business Wire 2012
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