Deliveries from Volvo’s truck operations, which includes Volvo Trucks, Mack Trucks, Inc., and Renault Trucks, increased by 19% for the month of September, compared with the same month last year.
Go deeper with GlobalData
On a year-to-date basis, deliveries amounted to 114,618 trucks, an increase of 1% compared with the same period last year. In Europe, deliveries declined by 4 % while North America increased by 8% compared with the same period last year.
On a 12-month rolling basis, total order intake for the truck brands declined by 2% compared to last year, with Europe at the same level and North America down 9%.
Leif Johansson, CEO said, “Despite the difficult business climate, the Group’s third — and usually weakest quarter — contained a number of positive trends. Most important is the increased contribution from the truck operations, where we now see clear effects of synergies. In Western Europe, the demand for the new Volvo and Renault models continued to be strong. Both brands gained market shares and showed improved profitability.
We have also noted underlying improvements in North America, even though the sales increase primarily was a result of the peak linked to the implementation of the new emission standard. On the negative side, the deep downturn in the aviation industry seriously affected our aerospace operations in the third quarter, which is reflected in the on-going adjustments of capacity.”
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.
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
