Volvo Trucks' deliveries during January - July 2000 amounted a total of 46,030 units. Sales showed the following distribution:

1999 2000 %
Europe, total 24,581 25,757 +5
of which
Western Europe 23,081 23,628 +2
Eastern Europe 1,500 2,129 +42
North America 19,733 13,739 -30
South America 2,051 2,380 +16
Asia 1,296 3,112 +140
Other markets 980 1,042 +6
Total 48,641 46,030 -5

The deliveries from Volvo Trucks decreased with five per cent up to the end of July. The decrease is related to North America, where the deliveries from Volvo were 30 per cent lower than last year. Excluding North America, the deliveries increased with 12 per cent.

The North American truck industry is characterized by a continuous downturn in the demand, combined with too high production rates and too large stocks. During the first quarter, Volvo Trucks North America took measures to cut the production rate. They are now being followed by other truck manufacturers, who are announcing significant cutdowns.

The order intake during the last three months has supported Volvo's share of the North American truck market. The demand for Volvo trucks continued to be strong on the other larger markets.

Volvo Trucks' order intake up to the end of July decreased with three per cent compared with the same period last year. August 18, 2000