VOLVO TRUCKS DELIVERIES: MARCH 2012

April 26, 2012

Deliveries from Volvo Trucks reached 9,954 trucks in March, down by 4% compared with the year-earlier period.

In Europe deliveries amounted to 3,952 trucks in March, down 12% compared with the corresponding period in 2011. However, the Russian market continued to show a positive development and deliveries increased to 604 trucks in March compared with 390 trucks in March 2011. Deliveries also increased in Great Britain and in the Baltic states in March, compared with March 2011.

At the same time, uncertainty concerning economic and political development in Southern Europe continued to impact truck deliveries in certain markets to some extent.

Deliveries in South America continued to be affected by planned production reductions in the wake of new emission requirements, which were introduced on January 1^st 2012. In March, deliveries declined by 13% to 1,943 trucks compared with the same period last year. Looking at individual markets in South America, deliveries increased in Argentina, Peru and Uruguay during March.

In North America, March deliveries increased 48% to 2,552 vehicles in comparison with the same period last year. The increase was primarily a result of continued replacement demand.

Deliveries by market area :

Delivered Units	Volvo Trucks	Change	Year-to-Date	Change
Volvo Trucks	Mar 2012	Mar 2011		2012	2011
Europe	3.952	4,508	-12%	9,990	11,084	-10%
– Western Europe	2,583	3,183	-19%	6,957	8,223	-15%
– Eastern Europe	1,369	1,325	3%	3,033	2,861	6%
North America	2,552	1,722	48%	6,498	4,725	38%
South America	1,943	2,233	-13%	4,465	5,439	-18%
Asia	891	1,527	-42%	2,643	3,162	-16%
Other markets	616	373	65%	1,418	892	59%
Total Volvo Trucks	9,954	10,363	-4%	25,014	25,302	-1%

Medium duty (7-16t)	140	185	-24%	418	447	-6%
Heavy duty (>16t)	9,814	10,178	-4%	24,596	24,855	-1%
Total Volvo Trucks	9,954	10,363	-4%	25,014	25,302	-1%