Deliveries of trucks from the Volvo Group to date this year declined 4%, compared with the year-earlier period. Mack Trucks was down 26% and Renault Trucks declined by 8%. However, Volvo Trucks posted an increase of 8%.
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On a 12-month rolling basis, total order bookings for the truck brands was unchanged compared with the preceding year, with Europe 3% lower and North America down 4%.
“The European heavy truck market continues to be stable at a favorable level,” Leif Johansson, CEO and President of the Volvo Group said. “In North America, however, we still have low demand without any clear signs of a significant improvement.”
Deliveries for Mack Trucks, Inc., through October totaled 15,551 units – down 26% from the year-earlier period. Dealers are reporting that some customers who had purchased trucks with non-EPA ’02 compliant engines in 2003 were moving back to Mack’s EPA ’02 compliant products for their 2004 purchase programs.
Deliveries for Renault Trucks from January through October totaled 48,367, down 8% compared with the corresponding period in the preceding year. Sales in Spain rose by 4%, Austria increased 22% and Germany was up 6%. Eastern European sales increased by 13%, with 3,379 units. In Poland, a total of 1,157 vehicles have been sold since beginning of 2003, an increase of 21%. In the medium-heavy segment, sales of the Renault Midlum were highly satisfactory at exactly the same level as in 2002, illustrating the sustained interest from customers for this vehicle. The deliveries of Renault Master and Renault Magnum, both ends of the broad Renault Trucks offering, are also holding up well.
Volvo Trucks increased its deliveries during the period January to October by 8%. All regions posted higher figures compared with the year-earlier period. In October, the Volvo NH, a front-engine truck developed for the South American market, was launched in Brazil. This is the ninth introduction from Volvo Trucks in slightly more than three years and this launch marks the completion of the global product renewal. Deliveries in Asia have risen steadily during the year, due primarily to very strong demand for the Volvo FH and Volvo FM in Iran. Today, Iran is the third largest single market for Volvo Trucks after the US and the UK.
