Volvo: Truck Deliveries in February 2013


volvo

Sweden--March 20, 2013: Regulatory News:

Deliveries from the Volvo Group's truck operations in February 2013 amounted to 12,272 vehicles. This was a decrease of 26% compared with the year-earlier month.

Volvo Group (STO:VOLVA) (STO:VOLVB):

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and Eicher):

Delivered Units February Change Year-to date Change
Volvo Group 2013 2012* 2013 2012
Europe 4 939 6 099 -19% 9 314 12 333 -24%
Western Europe 3 757 4 876 -23% 7 380 10 024 -26%
Eastern Europe 1 182 1 223 -3% 1 934 2 309 -16%
North America 2 519 4 668 -46% 4 481 7 812 -43%
South America 1 903 1 728 10% 3 514 2 911 21%
Asia 1 820 2 396 -24% 3 647 4 763 -23%
Other markets 1 091 1 605 -32% 2 107 2 636 -20%
Total Volvo Group 12 272 16 496 -26% 23 063 30 455 -24%
Light duty (< 7t) 840 1 188 -29% 1 735 2 653 -35%
Medium duty (7-16t) 1 241 1 674 -26% 2 307 3 234 -29%
Heavy duty (>16t) 10 191 13 634 -25% 19 021 24 568 -23%
Total Volvo Group 12 272 16 496 -26% 23 063 30 455 -24%
Non-consolidated operations
Eicher (100%) 3 041 3 790 -20% 6 250 7 101 -12%
DND (100%) 9 8 13% 30 72 -58%
Total Volumes 15 322 20 294 -24% 29 343 37 628 -22%

*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.

Volvo

In February 6,807 Volvo trucks were delivered, a decrease of 17% compared with the same month last year.

In Europe 2,578 vehicles were delivered during February, down 16% compared with February 2012. This is a reflection of the relatively low order intake during second part of 2012 when truck customers in general were uncertain of the development of the European economy and thus delayed their decision to invest in new trucks.

February deliveries in North America decreased 40% to 1,426 vehicles in comparison with the same period in 2012. The decrease was driven in part by the ongoing realignment of production to current industry demand that began in the fourth quarter of 2012.

Deliveries for South America increased 12% in February to 1,653 commercial vehicles.

In Brazil, infrastructure investments continue to positively impact the overall market and deliveries of Volvo trucks increased 18% to 1,370 trucks in February.

Deliveries by market area:

Delivered Units February Change Year-to-date Change
Volvo 2013 2012 2013 2012
Europe 2 578 3 077 -16% 4 773 6 038 -21%
Western Europe 1 625 2 206 -26% 3 232 4 374 -26%
Eastern Europe 953 871 9% 1 541 1 664 -7%
North America 1 426 2 364 -40% 2 214 3 946 -44%
South America 1 653 1 480 12% 3 090 2 522 23%
Asia 787 838 -6% 1 606 1 752 -8%
Other markets 363 479 -24% 699 802 -13%
Total Volvo 6 807 8 238 -17% 12 382 15 060 -18%
Medium duty (7-16t) 111 139 -20% 230 278 -17%
Heavy duty (>16t) 6 696 8 099 -17% 12 152 14 782 -18%
Total Volvo 6 807 8 238 -17% 12 382 15 060 -18%

Mack

Deliveries for Mack in February totaled 1,298 vehicles, a 50% decrease compared with February 2012. The decrease was driven in part by the impact of lingering economic uncertainty, and by steps to align production with current industry demand that began late last year.

Deliveries by market area:

Delivered Units February Change Year-to-date Change
Mack 2013 2012 2013 2012
North America 1 036 2 240 -54% 2 165 3 707 -42%
South America 181 192 -6% 306 258 19%
Other markets 2 1 100% 2 1 100%
Asia 79 150 -47% 130 210 -38%
Total Mack 1 298 2 583 -50% 2 603 4 176 -38%
Heavy duty (>16t) 1 298 2 583 -50% 2 603 4 176 -38%
Total Mack 1 298 2 583 -50% 2 603 4 176 -38%

Renault Trucks

In February, 2,885 Renault trucks were delivered, a decrease of 25% compared with February 2012. The decline in deliveries is a reflection of the relatively low order intake during second part of 2012 when truck customers in general were uncertain of the development of the European economy and thus delayed their decision to invest in new trucks.

Deliveries for Europe declined by 22% in February to 2,361 vehicles. In Western Europe, deliveries were down by 20% and in France 1,232 trucks were delivered, down 14% compared with the year-earlier period.

Deliveries by market area:

Delivered Units February Change Year-to-date Change
Renault Trucks 2013 2012 2013 2012
Europe 2 361 3 022 -22% 4 541 6 295 -28%
Western Europe 2 132 2 670 -20% 4 148 5 650 -27%
Eastern Europe 229 352 -35% 393 645 -39%
North America 13 8 63% 14 25 -44%
South America 62 47 32% 102 104 -2%
Asia 149 236 -37% 329 493 -33%
Other markets 300 555 -46% 641 801 -20%
Total Renault Trucks 2 885 3 868 -25% 5 627 7 718 -27%
Light duty (< 7t) 776 1 033 -25% 1 569 2 315 -32%
Medium duty (7-16t) 566 662 -15% 1 028 1 198 -14%
Heavy duty (>16t) 1 543 2 173 -29% 3 030 4 205 -28%
Total Renault Trucks 2 885 3 868 -25% 5 627 7 718 -27%

UD

Deliveries from UD Trucks in February 2013 decreased by 29% to 1,282 vehicles compared to February 2012.

Deliveries by market area:

Delivered Units February Change Year-to-date Change
UD 2013 2012* 2013 2012
North America 44 56 -21% 88 134 -34%
South America 7 9 -22% 16 27 -41%
Asia 882 1 321 -33% 1 710 2 517 -32%
Other markets 349 421 -17% 637 823 -23%
Total UD 1 282 1 807 -29% 2 451 3 501 -30%
Light duty (< 7t) 64 155 -59% 166 338 -51%
Medium duty (7-16t) 564 873 -35% 1 049 1 758 -40%
Heavy duty (>16t) 654 779 -16% 1 236 1 405 -12%
Total UD 1 282 1 807 -29% 2 451 3 501 -30%
Non-consolidated operations
DND (100%) 9 8 13% 30 72 -58%
Total volumes 1 291 1 815 -29% 2 481 3 573 -31%

*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.

Eicher*

Deliveries of Eicher trucks in February decreased by 20% to 3,041 trucks compared to the same month last year.

Deliveries by market area:

Delivered Units February Change Year-to-date Change
Eicher (100%) 2013 2012 2013 2012
Asia 3 041 3 790 -20% 6 250 7 101 -12%
Total Eicher 3 041 3 790 -20% 6 250 7 101 -12%
Light duty (< 7t) 325 472 -31% 736 1 008 -27%
Medium duty (7-16t) 2 091 2 699 -23% 4 184 4 888 -14%
Heavy duty (>16t) 625 619 1% 1 330 1 205 10%
Total Eicher 3 041 3 790 -20% 6 250 7 101 -12%

*As of 2013 Eicher is reported under the equity method and consequently sales and deliveries are not consolidated in to the Volvo Group

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