Volvo trucks sales decreased by 10% in October 2012

Article by Anita Panait, on November 19, 2012

Volvo reported a 10 percent 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 percent 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 percent to 1,211 units in total, compared to October 2011.

In North America, October deliveries declined by 14 percent 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 percent 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.

Earlier this year, Volvo Trucks’ New River Valley (NRV) assembly plant of Volvo Trucks – its largest manufacturing plant in the world – has been certified by the ISO 50001 standard and the Superior Energy Performance (SEP). New River Valley became the first-ever U.S. manufacturer to be certified to ISO 50001 in the US under the pilot American National Standards Institute (ANSI)-ASQ National Accreditation Board (ANAB) accreditation. It is also the first facility SEP-certified to use ISO 50001 as part of a new pilot ANSI-ANAB accreditation.

Headquartered in Gothenburg, Sweden, Volvo Trucks is a global truck maker owned by the Volvo Group. While Volvo commenced operations on August 10, 1926, the company itself started in 1927, when its first car -- a Volvo OV 4 -- rolled off the production line at a plant in Hisingen, Gothenburg.

The design of a medium-duty truck – dubbed as Series 1 – started as early as December 1926, by February 1928, the first Volvo truck rolled off the production. Tagged as an instant success, the Volvo Series 1 was followed by the Series 2, which boasts of being more powerful and more versatile than the Series 1.

Prior to 2012, Volvo Trucks had been operating as a separate company. On January 1, 2012, Volvo Group underwent reorganization, seeing Volvo Trucks incorporated into Volvo Group Trucks, along with the other truck brands such as Mack Trucks, Renault Trucks and UD Trucks.

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Topics: volvo, sales



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