SWEDEN: Volvo Group's truck deliveries down 8% in October
Volvo Group has reported truck deliveries down 8% year-on-year for the month of October.
Total Volvo Group truck sales for the first ten month of the year stand at 185,644 units, 3% down on last year.
Deliveries of Volvo branded trucks in October decreased by 10% to 10,051 vehicles compared with the same month last year. In Europe, deliveries of Volvo brand trucks decreased by 6% to 4,350 units compared to October last year. Volvo said that 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. Decisions have been made to lower production of Volvo trucks in Europe by removing shifts and using stop days for the remainder of the year to meet the lower demand seen in the third quarter.