Volvo delivered 103,696 trucks in 2005, the highest volume ever recorded in the history of the company. This was an increase of 7% on a year earlier and resulted primarily from strong demand from North America.
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Volvo increased deliveries in North America by 23% to a total of 32,151 units. The North American market as a whole was up 29% to 329,000 trucks. Volvo introduced its new flagship VT880 truck in north America at the beginning of the year.
The European market was also up. Total demand reached 276,700 units, an increase of 9%. Volvo increased its delivered by 1% to 42,633 units. New generation FH and FM models were introduced onto the market at the end of the year, following an investment of €300m in the new models.
In Russia Volvo Trucks further reinforced its strong position, and sales increased very rapidly. Up to December 2005 1,339 trucks had been delivered, which was an increase of 99% compared with the corresponding period in 2004. In September the company took a further step into the Russian market when the first wholly-owned service facility was opened. The total investment comprised SEK 100 million.
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