Volvo: Truck Deliveries in November 2013

Wed Dec 18, 2013 3:33am EST

* Reuters is not responsible for the content in this press release.

Volvo: Truck Deliveries in November 2013

Regulatory News:

Deliveries from the Volvo Group’s (STO:VOLVA) (STO:VOLVB) truck operations in November 2013 amounted to 20,356 vehicles. This was an increase of 16% compared with the year-earlier month.

Productivity in the European industrial system is currently hampered by parallel production of both old and new generations of trucks.

Volvo Group

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

Delivered Units

 

November

 

Change

 

Year-to date

 

Change

Volvo Group

2013

 

2012*

2013

 

2012

Europe 9 064 7 406 22% 71 885 76 735 -6%

   Western Europe

7 065 5 697 24% 56 101 58 214 -4%

   Eastern Europe

1 999 1 709 17% 15 784 18 521 -15%
North America 4 182 3 510 19% 41 021 44 142 -7%
South America 2 898 2 252 29% 26 712 21 500 24%
Asia 2 768 2 783 -1% 25 822 28 571 -10%
Other markets 1 444 1 579 -9% 14 474 15 834 -9%

Total Volvo Group

20 356

17 530

16%

179 914

186 782

-4%

Light duty (7t) 1 366 1 329 3% 12 083 14 606 -17%
Medium duty (7-16t) 1 667 1 540 8% 15 164 18 268 -17%
Heavy duty (>16t) 17 323 14 661 18% 152 667 153 908 -1%

Total Volvo Group

20 356

17 530

16%

179 914

186 782

-4%

Non-consolidated operations

 

Eicher (100%) 1 864 3 120 -40%

29 114

35 520

-18%
DND (100%) 14 28 -50%

199

412

-52%

Total Volumes

22 234

20 678

8%

209 227

222 714

-6%

*Restated for new accounting rules, effective January 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.

Volvo

In November 12,332 Volvo trucks were delivered, an increase of 31% compared with the same month last year.

In Europe 5,323 vehicles were delivered during November, up by 39% compared with November 2012. An extensive product renewal is under way with five new truck models; Volvo FH, Volvo FM, Volvo FMX, Volvo FE and Volvo FL.

First quarter production rates in Europe will be adjusted to reflect lower demand, which is a consequence of customers having pre-bought trucks ahead of a more stringent emission regulation coming into force 1 January 2014.

November deliveries in North America increased 17% to 2,630 vehicles in comparison with the same period last year.

November deliveries in South America increased 57% to 2,689 trucks compared with November 2012.

Deliveries by market area:

Delivered Units

 

November

  Change   Year-to-date   Change
Volvo 2013   2012 2013   2012
Europe 5 323 3 835 39% 40 504 39 103 4%
Western Europe 3 673 2 530 45% 27 390 25 235 9%
Eastern Europe 1 650 1 305 26% 13 114 13 868 -5%
North America 2 630 2 243 17% 23 596 23 884 -1%
South America 2 689 1 712 57% 23 966 17 571 36%
Asia 1 126 1 132 -1% 10 918 10 116 8%
Other markets 564 524 8% 5 038 5 416 -7%
Total Volvo 12 332 9 446 31% 104 022 96 090 8%
 
Medium duty (7-16t) 237 137 73% 1 622 1 576 3%
Heavy duty (>16t) 12 095 9 309 30% 102 400 94 514 8%
Total Volvo 12 332 9 446 31% 104 022 96 090 8%

Mack

November deliveries of Mack trucks were on a similar level as last year and reached 1,718 trucks.

Deliveries by market area:

Delivered Units   November   Change   Year-to-date   Change
Mack 2013   2012 2013   2012
Europe 1 -100% 1 45 -98%
Western Europe 1
Eastern Europe 1 -100% 45 -100%
North America 1 527 1 243 23% 17 006 19 697 -14%
South America 110 387 -72% 1 796 2 669 -33%
Asia #DIV/0! 14 30 -53%
Other markets 81 81 874 1 029 -15%
Total Mack 1 718 1 712 0% 19 691 23 470 -16%
Heavy duty (>16t) 1 718 1 712 0% 19 691 23 470 -16%
Total Mack 1 718 1 712 0% 19 691 23 470 -16%

Renault Trucks

In November 4,569 trucks were delivered by Renault Trucks which was a decrease by 1% compared to a year ago. In Eastern Europe, deliveries were down by 13%

Renault Trucks is currently introducing a completely new truck program, with four different truck series; the T-series for long haulage, the C-series for construction, the K-series for heavy construction and the D-series for distribution.

Renault Trucks’ new ranges have had a positive reception from both customers and dealers. However, production of the new trucks has just started and demonstration trucks are currently being delivered to customers, who will test their performance over a period of time before placing further orders. Consequently, overall order intake for Renault is currently low as no more orders are taken for Europe on the old generation and order intake is yet to pick-up on the new generation of trucks. Production rates for the first quarter will be adjusted significantly downwards to reflect lower demand.

Deliveries by market area:

Delivered Units   November   Change   Year-to-date   Change
Renault Trucks 2013   2012 2013   2012
Europe 3 741 3 570 5% 31 380 37 587 -17%
Western Europe 3 392 3 167 7% 28 710 32 979 -13%
Eastern Europe 349 403 -13% 2 670 4 608 -42%
North America 24 21 14% 182 129 41%
South America 70 153 -54% 783 1 127 -31%
Asia 297 357 -17% 2 002 3 551 -44%
Other markets 437 508 -14% 4 458 5 112 -13%
Total Renault Trucks 4 569 4 609 -1% 38 805 47 506 -18%
Light duty (< 7t) 1 186 1 142 4% 10 683 12 741 -16%
Medium duty (7-16t) 793 621 28% 6 255 6 682 -6%
Heavy duty (>16t) 2 590 2 846 -9% 21 867 28 083 -22%
Total Renault Trucks 4 569 4 609 -1% 38 805 47 506 -18%

UD

In November 2013, UD Trucks delivered 1,737 trucks, which was a decrease of 1% compared to November last year.

Deliveries by market area:

Delivered Units   November   Change   Year-to-date   Change
UD 2013   2012* 2013   2012
North America 1 3 -67% 237 432 -45%
South America 29 #DIV/0! 167 133 26%
Asia 1 345 1 294 4% 12 888 14 874 -13%
Other markets 362 466 -22% 4 104 4 277 -4%
Total UD 1 737 1 763 -1% 17 396 19 716 -12%
 
Light duty (< 7t) 180 187 -4% 1 400 1 865 -25%
Medium duty (7-16t) 637 782 -19% 7 287 10 010 -27%
Heavy duty (>16t) 920 794 16% 8 709 7 841 11%
Total UD 1 737 1 763 -1% 17 396 19 716 -12%
Non-consolidated operations
DND (100%) 14 28 -50% 199 412 -52%
Total volumes 1 751 1 791 -2% 17 595 20 128 -13%

*Restated for new accounting rules, effective January 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.

Eicher*

Deliveries of Eicher trucks in November decreased by 40% to 1,864 trucks compared to the same month last year.

Deliveries by market area:

Delivered Units   November   Change   Year-to-date   Change
Eicher (100%)    
Asia 1 864 3 120 -40% 29 114 35 520 -18%
Total Eicher 1 864 3 120 -40% 29 114 35 520 -18%
Light duty (< 7t) 310 379 -18% 4 108 4 289 -4%
Medium duty (7-16t) 1 218 2 188 -44% 18 669 23 953 -22%
Heavy duty (>16t) 336 553 -39% 6 337 7 278 -13%
Total Eicher 1 864 3 120 -40% 29 114 35 520 -18%

*As of 2013 Eicher is reported under the equity method and consequently sales and deliveries are not consolidated in to the Volvo Group

December 18, 2013

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

AB Volvo (publ) November is 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 18, 2013.

This information was brought to you by Cision http://news.cision.com

Reporters, who would like more information, please contact:
Volvo Group
Karin Wik
Media Relations
+46 765-53 10 20
or
Truck brands:
Renault Trucks
Charlotte Roudovski
+33 4 72 96 29 76
or
Mack
Kim Pupillo
+1 336 393 2640
or
Volvo
Anders Vilhelmsson
+46 31 322 38 79 UD
or
Per Sundström, +81 80 40 64 92 33
or
Investor Relations
AB Volvo
Christer Johansson
+46 31 661334
or
Patrik Stenberg
+46 31 661336
or
Anders Christensson
+46 31 661191
or
Volvo Group North America
John Hartwell
+1 201-252-8844