Deliveries from Volvo’s truck operations, comprising Volvo Trucks, Mack Trucks, and Renault Trucks, declined in the first two months of the year by 21% against year-ago levels, to stand at 20,530 trucks.


In Europe deliveries decreased by 21% to 13,297 while 3,983 trucks were delivered in North America, down by 40%.


Asia bucked the trend – increasing by 80% over the same period of last year.
 
On a 12-month rolling basis, order intake was 8% below the same period last year, with North America down 35% and Europe flat (0%).


“During the first two months this year, we have seen deliveries in Europe come down slightly in Renault Trucks. For Volvo Trucks, the deliveries were down significantly in Europe due to the production ramp-up of the new truck range. However, order intake was higher than last year. In North America, deliveries continue to be weak,” said Volvo’s CEO, Leif Johansson.

At Mack Trucks, deliveries through February totaled 2,625 vehicles, down 37% from 4,152 a year ago. Heavy-duty trucks totaled 2,461 units, and medium-duty trucks totaled 164 units (nearly flat with the 163 units a year ago).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Deliveries through February were affected by continued weakness in the North American truck market, and the fact that the 2002 January-February period featured six non-production weeks at Mack Trucks two assembly facilities in the USA, compared with three-and-a-half down weeks in the same months a year ago.


Deliveries from Renault Trucks through February 2002 amounted to 9,853 trucks of which 6,846 were medium and heavy-duty vehicles.


Compared to the same period last year, deliveries were down 5 % due to the slowdown in the European market.


Deliveries of the Master and Kerax ranges were up through February compared with the same period last year. The Midlum and Magnum ranges remained flat, while deliveries for the Premium range decreased.


In Europe, the new range of Volvo trucks has been well received and order intake has been strong in the beginning of this year. Deliveries, however, were low as the industrial system continued to be adapted to the new product range.


Deliveries in North America remained on a low level, reflecting continued weakness in the market. As a result, Volvo Trucks had two non-production weeks during the first two months of 2002 to adjust the capacity to meet demand.


Development in Asia continues to be strong, where deliveries have doubled during January and February compared to last year. The launch of the new Volvo truck range in Asia will start at the end of March.