Volvo branded trucks logged a 17-percent year-on-year decrease in deliveries in November 2012 to 9,446 units. Volvo likewise posted a 13-percent year-on-year drop in deliveries in Europe in November 2012 to 3,835 trucks. The company attributed the decrease in demand for trucks to the current slowdown in economic activity as well as uncertainty about the future business climate in Europe.
Volvo has reduced its truck production in Europe by removing shifts and using stop days for the rest of the year to meet the lower demand. On the other hand, Volvo posted a 19-percent year-on-year drop in deliveries in Asia in November 2012 to 1,132 units as well as a 24-percent year-on-year decline in North America to 2,243 vehicles.
The company said that the worries over the economy continue to negatively affect the truck market and it is implementing a combination of stop days and rate reduction is to match production with demand.
Volvo, meanwhile, posted a 21-percent year-on-year decrease in deliveries in South America in November 2012, no thanks to the lagging effects of the lethargic economy. However, the government stimulus efforts in Brazil are having a positive effect in improving the demand for trucks in the country.