Deliveries of Volvo branded trucks in May decreased by 9% to 9,285 vehicles compared to the same period last year.
The deliveries in Western Europe declined by 18%, as the markets in southern Europe are affected by the economic downturn. Given the current economic development in Europe, we are evaluating if the announced increases in production rates will be implemented as planned.
The deliveries to Eastern Europe increased by 13%. In Russia the economic growth is continuously strong and the expansion of the infrastructure increases the construction-related demand.
Deliveries in North America were flat in comparison with the same period last year as the supply pipeline, particularly for highway customers, has caught up with demand.
May deliveries in Latin America for Volvo Trucks decreased 21% to 1,681 trucks as compared with 2,118 trucks in May 2011. Deliveries continue to be impacted by the implementation of new emissions regulations requiring Euro-5 technology, as well as the slow economic growth in Brazil and Argentina.
Deliveries by market area :
|Delivered Units||Volvo Trucks||Change||Year-to-Date||Change|
|Volvo Trucks||May 2012||May 2011||2012||2011|
|– Western Europe||2,607||3,171||-18%||11.761||14,263||-18%|
|– Eastern Europe||1,380||1,220||13%||5.726||5,387||6%|
|Medium duty (7-16t)||165||168||-2%||731||766||-5%|
|Heavy duty (>16t)||9,120||10,060||-9%||42,017||44,227||-5%|