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Volvo Trucks' Deliveries January-July 2000

18 August 2000

Volvo Trucks' Deliveries January-July 2000

    STOCKHOLM - Volvo Trucks' deliveries during January - July 2000 amounted a total of 46,030 units. Sales showed the following distribution:

                         1999     2000       %
Europe, total           24,581   25,757      +5
of which
Western Europe          23,081   23,628      +2
Eastern Europe           1,500    2,129     +42
North America           19,733   13,739     -30
South America            2,051    2,380     +16
Asia                     1,296    3,112    +140
Other markets              980    1,042      +6
Total                   48,641   46,030      -5

    The deliveries from Volvo Trucks decreased with five per cent up to the end of July. The decrease is related to North America, where the deliveries from Volvo were 30 per cent lower than last year. Excluding North America, the deliveries increased with 12 per cent.

    The North American truck industry is characterized by a continuous downturn in the demand, combined with too high production rates and too large stocks. During the first quarter, Volvo Trucks North America took measures to cut the production rate. They are now being followed by other truck manufacturers, who are announcing significant cutdowns.

    The order intake during the last three months has supported Volvo's share of the North American truck market. The demand for Volvo trucks continued to be strong on the other larger markets.

    Volvo Trucks' order intake up to the end of July decreased with three per cent compared with the same period last year. August 18, 2000