Volvo: Truck Deliveries in August 2014

Deliveries from the Volvo Group’s truck operations in August 2014 amounted to 11,809 vehicles. This was a decrease of 8% compared with the year-earlier month.

GÖTEBORG, SWEDEN -- September 18, 2014:

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

Deliveries from the Volvo Group’s truck operations in August 2014 amounted to 11,809 vehicles. This was a decrease of 8% compared with the year-earlier month. On a regional basis August deliveries declined by 42% in South America and by 19% in Europe as a result of lower deliveries in Brazil and France respectively. Deliveries in North America increased by 22% in August.

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

Delivered Units	August		Change	Year-to date		Change
Volvo Group	2014	2013		2014	2013
Europe	3,045	3,774	-19%	44,045	45,457	-3%
Western Europe	2,221	2,921	-24%	33,997	35,576	-4%
Eastern Europe	824	853	-3%	10,048	9,881	2%
North America	3,903	3,188	22%	36,673	28,041	31%
South America	1,519	2,598	-42%	15,542	18,843	-18%
Asia	2,016	2,137	-6%	20,874	17,572	19%
Other markets	1,326	1,167	14%	11,153	10,250	9%
Total Volvo Group	11,809	12,864	-8%	128,287	120,163	7%

Light duty (< 7t)	567	562	1%	8,998	8,015	12%
Medium duty (7-16t)	958	1,108	-14%	9,594	10,361	-7%
Heavy duty (>16t)	10,284	11,194	-8%	109,695	101,787	8%
Total Volvo Group	11,809	12,864	-8%	128,287	120,163	7%

Non-consolidated operations
Eicher (100%)	2,448	2,373	3%	20,193	22,399	-10%
DVT (100%)	17	17		54	162	-67%
Total Volumes	14,274	15,254	-6%	148,534	142,724	4%

Volvo

In August 6,939 Volvo trucks were delivered, a decrease of 9% compared with the same month last year.

In Europe 1,974 vehicles were delivered during August, down by 10% compared with August 2013.

Demand in North America continued to be good and deliveries increased by 31% to 2,246 vehicles in comparison with the same period last year.

Deliveries in South America decreased to 1,423 trucks in August, a decrease of 40% compared with August 2013. The decrease is a consequence of lower demand as well as inventory reduction in the dealer channel.

Deliveries by market area:

Delivered Units	August		Change	Year-to-date		Change
Volvo	2014	2013		2014	2013
Europe	1,974	2,204	-10%	26,185	25,084	4%
Western Europe	1,313	1,539	-15%	18,131	16,832	8%
Eastern Europe	661	665	-1%	8,054	8,252	-2%
North America	2,246	1,708	31%	21,709	15,565	39%
South America	1,423	2,368	-40%	14,313	16,820	-15%
Asia	825	858	-4%	7,970	7,616	5%
Other markets	471	452	4%	4,036	3,585	13%
Total Volvo	6,939	7,590	-9%	74,213	68,670	8%

Medium duty (7-16t)	99	88	13%	1,319	1,043	26%
Heavy duty (>16t)	6,840	7,502	-9%	72,894	67,627	8%
Total Volvo	6,939	7,590	-9%	74,213	68,670	8%

Mack

Deliveries for Mack in August totaled 1,793 vehicles, a 4% increase compared with August 2013.

Deliveries by market area:

Delivered Units	August		Change	Year-to-date		Change
Mack	2014	2013		2014	2013
Europe					1	-100%
Western Europe					1
Eastern Europe
North America	1,649	1,456	13%	14,839	12,167	22%
South America	39	164	-76%	485	1,382	-65%
Asia	4	2	100%	9	14	-36%
Other markets	101	108	-6%	681	637	7%
Total Mack	1,793	1,730	4%	16,014	14,201	13%

Heavy duty (>16t)	1,793	1,730	4%	16,014	14,201	13%
Total Mack	1,793	1,730	4%	16,014	14,201	13%

Renault Trucks

In August 1,475 trucks were delivered by Renault Trucks. The deliveries of heavy duty trucks declined by 35% to 853 trucks in August compared with the year-earlier month. The decline was mainly a result of lower deliveries in France. Deliveries of light duty trucks increased to 446 trucks, up by 8%.

Deliveries by market area:

Delivered Units	August		Change	Year-to-date		Change
Renault Trucks	2014	2013		2014	2013
Europe	1,071	1,570	-32%	17,860	20,372	-12%
Western Europe	908	1,382	-34%	15,866	18,743	-15%
Eastern Europe	163	188	-13%	1,994	1,629	22%
North America		12	-100%	75	86	-13%
South America	35	58	-40%	487	541	-10%
Asia	69	94	-27%	2,287	1,387	65%
Other markets	300	274	9%	3,179	3,081	3%
Total Renault Trucks	1,475	2,008	-27%	23,888	25,467	-6%

Light duty (< 7t)	446	412	8%	8,011	7,128	12%
Medium duty (7-16t)	176	283	-38%	2,490	4,254	-41%
Heavy duty (>16t)	853	1,313	-35%	13,387	14,085	-5%
Total Renault Trucks	1,475	2,008	-27%	23,888	25,467	-6%

UD Trucks

In August 2014, UD Trucks delivered 1,602 trucks, which was an increase by 4% compared to August last year.

Deliveries by market area:

Delivered Units	August		Change	Year-to-date		Change
UD Trucks	2014	2013		2014	2013
North America	8	12	-33%	50	223	-78%
South America	22	8	175%	257	100	157%
Asia	1,118	1,183	-5%	10,608	8,555	24%
Other markets	454	333	36%	3,257	2,947	11%
Total UD Trucks	1,602	1,536	4%	14,172	11,825	20%

Light duty (< 7t)	121	150	-19%	987	887	11%
Medium duty (7-16t)	683	737	-7%	5,785	5,064	14%
Heavy duty (>16t)	798	649	23%	7,400	5,874	26%
Total UD	1,602	1,536	4%	14,172	11,825	20%

Non-consolidated operations
DVT (100%)	17	17		54	162	-67%
Total volumes	1,619	1,553	4%	14,226	11,987	19%

Eicher*

Eicher delivered 2,448 trucks in August which is an increase by 3% compared to the amount of trucks delivered in August 2013.

Deliveries by market area:

Delivered Units	August		Change	Year-to-date		Change
Eicher (100%)	2014	2013		2014	2013
Asia	2,448	2,373	3%	20,193	22,399	-10%
Total Eicher	2,448	2,373	3%	20,193	22,399	-10%

Light duty (< 7t)	332	369	-10%	3,252	3,055	6%
Medium duty (7-16t)	1,486	1,390	7%	11,715	14,430	-19%
Heavy duty (>16t)	630	614	3%	5,226	4,914	6%
Total Eicher	2,448	2,373	3%	20,193	22,399	-10%

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