Volvo Trucks sold a record 145,195 units in 2022, up 19% year on year.

It also claimed increased share of the 16 tonnes plus heavy truck segment in 41 markets.

“The record deliveries and market share increase should be seen in the light of supply chain shortages that prevailed throughout the year,” the company said in a statement.

”Despite supply chain shortages and disturbances in production, we managed to increase our volume significantly and get the trucks out to our customers… thanks to our close collaboration with our suppliers as well as the hard work done in our own organisation and at our dealers,” said Volvo Trucks president Roger Alm.

Europe market share was a record 18.2% while slices of the North American and Australian markets were 10.8% and 17.0% respectively.

In Brazil, Volvo Trucks’ share rose to 24.6% and it was market leader for the first time.
”The feedback we get from customers is that they really appreciate and value our high quality and fuel efficient trucks, and also the professional and rapid support they get from our extensive dealer and workshop network. All of these factors contribute to their own profitability,” added Alm.

Volvo Trucks began volume production of heavy duty electric trucks in 2022, claiming to be the first global truck manufacturer to do so and said: “Deliveries of electric trucks are now clearly showing a positive and increasing trend. The US, Germany, Netherlands, Norway and Sweden are today the biggest markets.”

”Many of our customers, both in Europe and in many other markets, have started the shift to electric during the year. I’m very confident that this trend will continue and rapidly grow stronger in the coming years,” concluded Alm.