Volvo Global Trucks Deliveries as of February 2001
STOCKHOLM, Sweden--March 19, 2001--Deliveries from Volvo Global Trucks through February 2001 amounted to 26 017 trucks compared to pro forma 27 925 trucks last year (-7%).Compared to the same period last year total order intake was down 13%, whereof North America was down 18% and Europe 7%.
All segments, including the vocational, are now affected by the continuing downturn in the North American market. "We are continuously adapting the capacity to the market changes, in order to avoid inventory build-up," comment Tryggve Stehn, president Volvo Global Trucks.
"We are also beginning to see a downturn in the central part of Europe while demand in eastern Europe continues to be strong".
Deliveries by market area:
Market 2001 2000 +/- %
Europe, total 17 020 16 034 +6
of which
Western 15 956 15 299 +4
Europe
Eastern 1 064 735 +45
Europe
North America 6 658 10 189 -35
South America 697 509 +37
Asia 577 374 +54
Other 1 065 819 +30
Total 26 017 27 925 -7
Mack Trucks, Inc.
Deliveries from Mack Trucks, Inc. through February 2001 totaled
4,152 vehicles, down 37 percent from the 6,579 units delivered during
the same period last year.
Deliveries by market area:
2001 2000 +/- %
Market
North America 3960 6450 -39
South America 88 22 +300
Other 104 107 -3
Total 4152 6579 -37
In order to reduce inventories in line with the weakening market,
Mack has had several production stops and so far this year has taken
ten "down days" in its Winnsboro, SC, and Hagerstown, MD, plants, and
seven "down days" in its Macungie, PA, plant.
Renault V.I
Deliveries from Renault V.I. through February 2001 amounted to 10
424 trucks.
Deliveries by market area:
2001 2000 +/- %
Market
Europe, total 9708 9113 +7
of which
Western 9236 8807 +5
Europe
Eastern 472 306 +54
Europe
Other 716 524 +37
Total 10 424 9 637 +8
By the end of February Renault V.I. deliveries have increased with
8 percent compared to the same period last year. The increase in
deliveries is mainly due to light and medium trucks. In Western
Europe, deliveries show an increase of 5% compared to last year,
mainly due to strong deliveries in Southern Europe.
Volvo Truck Corporation
Deliveries from Volvo Trucks through February amounted to 11 441
trucks.
Deliveries by market area:
2001 2000 +/- %
Market
Europe, total 7 312 6 921 +6
of which
Western 6 720 6 492 +4
Europe
Eastern 592 429 +38
Europe
North America 2698 3739 -28
South America 609 487 +25
Asia 577 374 +54
Other markets 245 188 +30
Total 11 441 11 709 -2
The high delivery rate remains unchanged since the end of year 2000. Deliveries in January - February increased in all market areas but North America. Demand in the heavy-duty segment is weakening in Western Europe, most notably in the central part of Europe.