Volvo reported a 10% decrease of its deliveries for the month of October to 10,051 units compared with the same month in 2011. Meanwhile, its October 2012 deliveries in Europe fell by 6% to 4,350 trucks compared to October 2011. The ongoing slowdown of the financial situation and doubts about the future business status in the region are obviously having a negative effect on truck sales.
Volvo production in Europe has been cut by eliminating some shifts and making use of stop days for the rest of the year to coincide with the decreased demand in the third quarter. In Asia, October deliveries fell by 15% to 1,211 units in total, compared to October 2011.
In North America, October deliveries declined by 14% to 2,144 vehicles compared with the same month last year. The overall demand has slowed, due to the persistent uncertainty in the economy.
In South America, deliveries fell by 13% compared with the same month last year. The decline is mainly due to the slow economic growth in 2012. But there are indications that the demand is rising as a result of the Brazilian government stimulus package.