TRUCK DELIVERIES - OCTOBER 2002
Deliveries from Volvo's truck operations, which includes Volvo Trucks,
Mack Trucks, Inc. and Renault Trucks, increased by 11% for the month of
October, compared with the same month last year. On a year-to-date
basis, deliveries amounted to 130,639 trucks, an increase of 2% compared
with the corresponding period in the preceding year. In Europe,
deliveries declined by 3 % while North America posted a 12% increase
compared with the corresponding period a year earlier.
"Truck deliveries remained at a high level in Europe for Renault Trucks
and Volvo Trucks. In North America, the previously announced reduction
of production capacity is now being implemented. The transfer of Mack
production into the New River Plant has started and the first vehicle is
expected to be on the production line in December," says Volvo's CEO
Leif Johansson.
On a 12-month rolling basis, total order bookings for the truck brands
was at the same level as last year, with Europe down 3% and North
America up 5%.
Deliveries by market area:
Delivered Units Year-to-Date Change
Volvo Group 2002 2001
Europe 78,068 80,707 -3%
Western Europe 71,108 74,806 -5%
Eastern Europe 6,960 5,901 18%
North America 32,997 29,456 12%
South America 4,446 4,850 -8%
Asia 7,193 4,763 51%
Other markets 7,935 7,885 1%
Total Volvo Group 130,639 127,661 2%
Mack Trucks, Inc.
Deliveries continued to be at a relatively high level, reflecting
shipments of trucks with pre-EPA engines. On November 15, the production
of Mack trucks in Winnsboro was discontinued and production will
gradually be ramped up in the New River Valley plant during the first
quarter of 2003.
Deliveries by market area:
Delivered Units Year-to-Date Change
Mack Trucks Inc. 2002 2001
Europe 1 3 n.a.
Western Europe 1 n.a.
Eastern Europe 3 n.a.
North America 19,721 18,005 10%
South America 533 1,046 -49%
Asia 27 43 -37%
Other markets 784 775 1%
Total Mack Trucks Inc. 21,066 19,872 6%
Renault Trucks
Despite the weakening market in Western Europe, Renault Trucks continued
to report strong deliveries of trucks, particularly the Renault Magnum.
Deliveries by market area:
Delivered Units Year-to-Date Change
Renault Trucks 2002 2001
Europe 47,536 46,757 2%
Western Europe 44,554 44,527 0%
Eastern Europe 2,982 2,230 34%
Asia 319 453 -30%
Other markets 5,000 5,160 -3%
Total Renault Trucks 52,855 52,370 1%
Volvo Trucks
Volvo Trucks is now operating at a very high production level in the
European industrial system. This is a consequence of the strong demand
from Asia, Europe and Middle East. In North America the production
change-over is under way for the new Volvo VN range and 3,400 orders
have been received to date.
Deliveries by market area:
Delivered Units Year-to-Date Change
Volvo Trucks 2002 2001
Europe 30,531 33,947 -10%
Western Europe 26,553 30,279 -12%
Eastern Europe 3,978 3,668 8%
North America 13,276 11,451 16%
South America 3,913 3,804 3%
Asia 6,847 4,267 60%
Other markets 2,151 1,950 10%
Total Volvo Trucks 56,718 55,419 2%
October 20, 2002
For further information, please contact:
Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59
Bob Martin, Mack Trucks, Inc. +1 (610) 709-2670
Claes Claeson, Volvo Truck Corporation, +46 31 66 39 08, +46 708-36 39 08