Volvo posted 17% drop in deliveries of trucks in November to 9,446 units

Article by Anita Panait, on December 20, 2012

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.

Topics: volvo, truck, deliveries

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016