Volvo: Truck Deliveries in May 2014

GÖTEBORG, Sweden--()--Regulatory News:

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

Deliveries from the Volvo Group’s truck operations in May 2014 amounted to 17,410 vehicles. This was an increase of 4% compared with the year-earlier month. May experienced an unfavorable product and market mix. Deliveries of heavy duty trucks were on the same level as last year while deliveries of light duty trucks sourced from external suppliers were up by 36%. On a regional basis May deliveries declined by 19% in South America and by 4% in Europe while deliveries rose by 26% in Asia and by 13% in North America.

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

Delivered Units   May       Change   Year-to date   Change
Volvo Group 2014 2013   2014   2013  
Europe 6 017 6 277 -4% 28 419 27 827 2%
Western Europe 4 906 4 952 -1% 22 121 21 888 1%
Eastern Europe 1 111 1 325 -16% 6 298 5 939 6%
North America 4 777 4 228 13% 22 591 16 172 40%
South America 2 061 2 540 -19% 10 278 11 092 -7%
Asia 3 002 2 383 26% 13 638 10 514 30%
Other markets 1 553 1 304 19% 6 683 6 115 9%
Total Volvo Group 17 410 16 732 4% 81 609 71 720 14%
             
Light duty (< 7t) 1 537 1 130 36% 5 298 5 146 3%
Medium duty (7-16t) 1 447 1 284 13% 6 170 6 184 0%
Heavy duty (>16t) 14 426 14 318 1% 70 141 60 390 16%
Total Volvo Group 17 410 16 732 4% 81 609 71 720 14%
             
Non-consolidated operations        
Eicher (100%) 2 430 2 419 0% 12 445 15 255 -18%
DVT (100%) 5 57 -91% 22 134 -84%
Total Volumes 19 845 19 208 3% 94 076 87 109 8%

Volvo

In May 9,981 Volvo trucks were delivered, an increase of 3% compared with the same month last year.

In Europe 3,474 vehicles were delivered during May, down by 2% compared with May 2013. Deliveries in Eastern Europe were down by 22% mainly due to lower demand in Russia. To adapt to the lower demand, the plant in Kaluga, Russia will implement a number of non-production weeks in the coming months.

Demand in North America continued to be good and deliveries increased by 12% to 2,706 vehicles in comparison with the same period last year. Production will moderately increase at the end of the second quarter to meet increased demand.

Deliveries in South America decreased to 1,904 trucks in May, a decrease of 13% compared with May 2013. The decrease is a consequence of lower demand as well as inventory reduction in the dealer channel. Production in Brazil has been reduced during the second quarter and several non-production days are scheduled for June and July.

Deliveries by market area:

Delivered Units   May       Change   Year-to-date   Change
Volvo 2014 2013   2014   2013  
Europe 3 474 3 556 -2% 17 440 14 937 17%
Western Europe 2 578 2 410 7% 12 243 9 919 23%
Eastern Europe 896 1 146 -22% 5 197 5 018 4%
North America 2 706 2 416 12% 13 151 8 739 50%
South America 1 904 2 178 -13% 9 597 9 754 -2%
Asia 1 319 1 078 22% 5 199 4 779 9%
Other markets 578 461 25% 2 700 2 103 28%
Total Volvo 9 981 9 689 3% 48 087 40 312 19%
             
Medium duty (7-16t) 244 129 89% 915 590 55%
Heavy duty (>16t) 9 737 9 560 2% 47 172 39 722 19%
Total Volvo 9 981 9 689 3% 48 087 40 312 19%

Mack

Deliveries for Mack in May totaled 2,203 vehicles, a 3% increase compared with May 2013. Production will be moderately increased at the end of the second quarter to meet increased demand.

Deliveries by market area:

Delivered Units   May       Change   Year-to-date   Change
Mack 2014 2013   2014   2013  
Europe         1 -100%
Western Europe         1 -100%
Eastern Europe            
North America 2 051 1 778 15% 9 377 7 184 31%
South America 53 259 -80% 271 966 -72%
Asia   1 -100% 3 7 -57%
Other markets 99 95 4% 379 390 -3%
Total Mack 2 203 2 133 3% 10 030 8 548 17%
             
Heavy duty (>16t) 2 203 2 133 3% 10 030 8 548 17%
Total Mack 2 203 2 133 3% 10 030 8 548 17%

Renault Trucks

In May 3,430 trucks were delivered by Renault Trucks. The deliveries of heavy duty trucks declined by 12% to 1,652 trucks in May compared with the year-earlier month while deliveries of light duty trucks increased to 1,395 trucks, up by 35%.

Deliveries by market area:

Delivered Units   May       Change   Year-to-date   Change
Renault Trucks 2014 2013   2014   2013  
Europe 2 54 3 2 721 -7% 10 979 12 889 -15%
Western Europe 2 328 2 542 -8% 9 878 11 968 -17%
Eastern Europe 215 179 20% 1 101 921 20%
North America 15 19 -21% 47 50 -6%
South America 68 93 -27% 247 325 -24%
Asia 373 209 78% 1 438 842 71%
Other markets 431 372 16% 1 752 1 763 -1%
Total Renault Trucks 3 430 3 414 0% 14 463 15 869 -9%
             
Light duty (< 7t) 1 395 1 032 35% 4 756 4 620 3%
Medium duty (7-16t) 383 512 -25% 1 556 2 696 -42%
Heavy duty (>16t) 1 652 1 870 -12% 8 151 8 553 -5%
Total Renault Trucks 3 430 3 414 0% 14 463 15 869 -9%

UD Trucks

In May 2014, UD Trucks delivered 1,796 trucks, which was an increase by 20% compared to May last year.

Deliveries by market area:

Delivered Units   May       Change   Year-to-date   Change
UD Trucks 2014 2013   2014   2013  
North America 5 15 -67% 16 199 -92%
South America 36 10 260% 163 47 247%
Asia 1 310 1 095 20% 6 998 4 886 43%
Other markets 445 376 18% 1 852 1 859 0%
Total UD Trucks 1 796 1 496 20% 9 029 6 991 29%
             
Light duty (< 7t) 142 98 45% 542 526 3%
Medium duty (7-16t) 820 643 28% 3 699 2 898 28%
Heavy duty (>16t) 834 755 10% 4 788 3 567 34%
Total UD 1 796 1 496 20% 9 029 6 991 29%
             
Non-consolidated operations        
DVT (100%) 5 57 -91% 22 134 -84%
Total volumes 1 801 1 553 16% 9 051 7 125 27%

Eicher*

Eicher delivered 2,430 trucks in May which is the same amount of trucks delivered in May 2013.

Deliveries by market area:

Delivered Units   May       Change   Year-to-date   Change
Eicher (100%)              
Asia 2 430 2 419 0% 12 445 15 255 -18%
Total Eicher 2 430 2 419 0% 12 445 15 255 -18%
             
Light duty (< 7t) 405 397 2% 1 715 2 120 2 003
Medium duty (7-16t) 1 460 1 564 -7% 5 642 7 102 9 939
Heavy duty (>16t) 565 458 23% 2 658 3 223 3 313
Total Eicher 2 430 2 419 0% 10 015 12 445 15 255

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

For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 110,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. In 2014 the Volvo Group’s sales amounted to about SEK 270 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.

AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 a.m June 18, 2014.

This information was brought to you by Cision http://news.cision.com

Contacts

Reporters, who would like more information:
Volvo Group
Media Relations:
Karin Wik, +31 323 72 29
or
Truck brands:
Renault Trucks, Fabrice Piombo, +33 472961220
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 80 40 64 92 33
or
Investor Relations:
AB Volvo
Christer Johansson, +46 31 661334
Patrik Stenberg, +46 31 661336
Anders Christensson, +46 31 661191
Volvo Group North America
John Hartwell, +1 201-252-8844

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Contacts

Reporters, who would like more information:
Volvo Group
Media Relations:
Karin Wik, +31 323 72 29
or
Truck brands:
Renault Trucks, Fabrice Piombo, +33 472961220
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 80 40 64 92 33
or
Investor Relations:
AB Volvo
Christer Johansson, +46 31 661334
Patrik Stenberg, +46 31 661336
Anders Christensson, +46 31 661191
Volvo Group North America
John Hartwell, +1 201-252-8844