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November 24, 2005

SWEDEN: Volvo Truck deliveries up 14%

Vehicle deliveries by Volvo Trucks rose 14% in January to the end of October from a year ago.

Vehicle deliveries by Volvo Trucks rose 14% in January to the end of October from a year ago.

Reuters reported that Volvo delivered 174,882 trucks in the period, up from 152,801 a year earlier, reflecting strong demand in key markets and the benefit of a relatively new line of trucks.

The news agency noted that truck makers have benefited from strong demand on both sides of the Atlantic in recent quarters, though there are signs of growth slowing in Europe.

The firm reportedly said deliveries during the 10 months inched up 1% in Europe, its biggest market, and rose 38% in North America.

“It was a bit weaker than expected during the month, but it will improve going forward in light of the firm’s stronger order book,” Handelsbanken analyst Carl Holmquist told Reuters.

Volvo has forecast around 5% growth in the overall European heavy truck market this year while the North American market would grow by about 25%, the news agency noted.

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