Sweden--March 20, 2013: Regulatory News:
Deliveries from the Volvo Group's truck operations in February 2013 amounted to 12,272 vehicles. This was a decrease of 26% compared with the year-earlier month.
Volvo Group (STO:VOLVA) (STO:VOLVB):
Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and Eicher):
Delivered Units | February | Change | Year-to date | Change | |||||||||
Volvo Group | 2013 | 2012* | 2013 | 2012 | |||||||||
Europe | 4 939 | 6 099 | -19% | 9 314 | 12 333 | -24% | |||||||
Western Europe | 3 757 | 4 876 | -23% | 7 380 | 10 024 | -26% | |||||||
Eastern Europe | 1 182 | 1 223 | -3% | 1 934 | 2 309 | -16% | |||||||
North America | 2 519 | 4 668 | -46% | 4 481 | 7 812 | -43% | |||||||
South America | 1 903 | 1 728 | 10% | 3 514 | 2 911 | 21% | |||||||
Asia | 1 820 | 2 396 | -24% | 3 647 | 4 763 | -23% | |||||||
Other markets | 1 091 | 1 605 | -32% | 2 107 | 2 636 | -20% | |||||||
Total Volvo Group | 12 272 | 16 496 | -26% | 23 063 | 30 455 | -24% | |||||||
Light duty (< 7t) | 840 | 1 188 | -29% | 1 735 | 2 653 | -35% | |||||||
Medium duty (7-16t) | 1 241 | 1 674 | -26% | 2 307 | 3 234 | -29% | |||||||
Heavy duty (>16t) | 10 191 | 13 634 | -25% | 19 021 | 24 568 | -23% | |||||||
Total Volvo Group | 12 272 | 16 496 | -26% | 23 063 | 30 455 | -24% | |||||||
Non-consolidated operations | |||||||||||||
Eicher (100%) | 3 041 | 3 790 | -20% | 6 250 | 7 101 | -12% | |||||||
DND (100%) | 9 | 8 | 13% | 30 | 72 | -58% | |||||||
Total Volumes | 15 322 | 20 294 | -24% | 29 343 | 37 628 | -22% | |||||||
*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.
Volvo
In February 6,807 Volvo trucks were delivered, a decrease of 17% compared with the same month last year.
In Europe 2,578 vehicles were delivered during February, down 16% compared with February 2012. This is a reflection of the relatively low order intake during second part of 2012 when truck customers in general were uncertain of the development of the European economy and thus delayed their decision to invest in new trucks.
February deliveries in North America decreased 40% to 1,426 vehicles in comparison with the same period in 2012. The decrease was driven in part by the ongoing realignment of production to current industry demand that began in the fourth quarter of 2012.
Deliveries for South America increased 12% in February to 1,653 commercial vehicles.
In Brazil, infrastructure investments continue to positively impact the overall market and deliveries of Volvo trucks increased 18% to 1,370 trucks in February.
Deliveries by market area:
Delivered Units | February | Change | Year-to-date | Change | |||||||||
Volvo | 2013 | 2012 | 2013 | 2012 | |||||||||
Europe | 2 578 | 3 077 | -16% | 4 773 | 6 038 | -21% | |||||||
Western Europe | 1 625 | 2 206 | -26% | 3 232 | 4 374 | -26% | |||||||
Eastern Europe | 953 | 871 | 9% | 1 541 | 1 664 | -7% | |||||||
North America | 1 426 | 2 364 | -40% | 2 214 | 3 946 | -44% | |||||||
South America | 1 653 | 1 480 | 12% | 3 090 | 2 522 | 23% | |||||||
Asia | 787 | 838 | -6% | 1 606 | 1 752 | -8% | |||||||
Other markets | 363 | 479 | -24% | 699 | 802 | -13% | |||||||
Total Volvo | 6 807 | 8 238 | -17% | 12 382 | 15 060 | -18% | |||||||
Medium duty (7-16t) | 111 | 139 | -20% | 230 | 278 | -17% | |||||||
Heavy duty (>16t) | 6 696 | 8 099 | -17% | 12 152 | 14 782 | -18% | |||||||
Total Volvo | 6 807 | 8 238 | -17% | 12 382 | 15 060 | -18% | |||||||
Mack
Deliveries for Mack in February totaled 1,298 vehicles, a 50% decrease compared with February 2012. The decrease was driven in part by the impact of lingering economic uncertainty, and by steps to align production with current industry demand that began late last year.
Deliveries by market area:
Delivered Units | February | Change | Year-to-date | Change | |||||||||
Mack | 2013 | 2012 | 2013 | 2012 | |||||||||
North America | 1 036 | 2 240 | -54% | 2 165 | 3 707 | -42% | |||||||
South America | 181 | 192 | -6% | 306 | 258 | 19% | |||||||
Other markets | 2 | 1 | 100% | 2 | 1 | 100% | |||||||
Asia | 79 | 150 | -47% | 130 | 210 | -38% | |||||||
Total Mack | 1 298 | 2 583 | -50% | 2 603 | 4 176 | -38% | |||||||
Heavy duty (>16t) | 1 298 | 2 583 | -50% | 2 603 | 4 176 | -38% | |||||||
Total Mack | 1 298 | 2 583 | -50% | 2 603 | 4 176 | -38% | |||||||
Renault Trucks
In February, 2,885 Renault trucks were delivered, a decrease of 25% compared with February 2012. The decline in deliveries is a reflection of the relatively low order intake during second part of 2012 when truck customers in general were uncertain of the development of the European economy and thus delayed their decision to invest in new trucks.
Deliveries for Europe declined by 22% in February to 2,361 vehicles. In Western Europe, deliveries were down by 20% and in France 1,232 trucks were delivered, down 14% compared with the year-earlier period.
Deliveries by market area:
Delivered Units | February | Change | Year-to-date | Change | |||||||||
Renault Trucks | 2013 | 2012 | 2013 | 2012 | |||||||||
Europe | 2 361 | 3 022 | -22% | 4 541 | 6 295 | -28% | |||||||
Western Europe | 2 132 | 2 670 | -20% | 4 148 | 5 650 | -27% | |||||||
Eastern Europe | 229 | 352 | -35% | 393 | 645 | -39% | |||||||
North America | 13 | 8 | 63% | 14 | 25 | -44% | |||||||
South America | 62 | 47 | 32% | 102 | 104 | -2% | |||||||
Asia | 149 | 236 | -37% | 329 | 493 | -33% | |||||||
Other markets | 300 | 555 | -46% | 641 | 801 | -20% | |||||||
Total Renault Trucks | 2 885 | 3 868 | -25% | 5 627 | 7 718 | -27% | |||||||
Light duty (< 7t) | 776 | 1 033 | -25% | 1 569 | 2 315 | -32% | |||||||
Medium duty (7-16t) | 566 | 662 | -15% | 1 028 | 1 198 | -14% | |||||||
Heavy duty (>16t) | 1 543 | 2 173 | -29% | 3 030 | 4 205 | -28% | |||||||
Total Renault Trucks | 2 885 | 3 868 | -25% | 5 627 | 7 718 | -27% | |||||||
UD
Deliveries from UD Trucks in February 2013 decreased by 29% to 1,282 vehicles compared to February 2012.
Deliveries by market area:
Delivered Units | February | Change | Year-to-date | Change | |||||||||
UD | 2013 | 2012* | 2013 | 2012 | |||||||||
North America | 44 | 56 | -21% | 88 | 134 | -34% | |||||||
South America | 7 | 9 | -22% | 16 | 27 | -41% | |||||||
Asia | 882 | 1 321 | -33% | 1 710 | 2 517 | -32% | |||||||
Other markets | 349 | 421 | -17% | 637 | 823 | -23% | |||||||
Total UD | 1 282 | 1 807 | -29% | 2 451 | 3 501 | -30% | |||||||
Light duty (< 7t) | 64 | 155 | -59% | 166 | 338 | -51% | |||||||
Medium duty (7-16t) | 564 | 873 | -35% | 1 049 | 1 758 | -40% | |||||||
Heavy duty (>16t) | 654 | 779 | -16% | 1 236 | 1 405 | -12% | |||||||
Total UD | 1 282 | 1 807 | -29% | 2 451 | 3 501 | -30% | |||||||
Non-consolidated operations | |||||||||||||
DND (100%) | 9 | 8 | 13% | 30 | 72 | -58% | |||||||
Total volumes | 1 291 | 1 815 | -29% | 2 481 | 3 573 | -31% | |||||||
*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint-ventures are consolidated using the equity method instead of the proportionate method.
Eicher*
Deliveries of Eicher trucks in February decreased by 20% to 3,041 trucks compared to the same month last year.
Deliveries by market area:
Delivered Units | February | Change | Year-to-date | Change | |||||||||
Eicher (100%) | 2013 | 2012 | 2013 | 2012 | |||||||||
Asia | 3 041 | 3 790 | -20% | 6 250 | 7 101 | -12% | |||||||
Total Eicher | 3 041 | 3 790 | -20% | 6 250 | 7 101 | -12% | |||||||
Light duty (< 7t) | 325 | 472 | -31% | 736 | 1 008 | -27% | |||||||
Medium duty (7-16t) | 2 091 | 2 699 | -23% | 4 184 | 4 888 | -14% | |||||||
Heavy duty (>16t) | 625 | 619 | 1% | 1 330 | 1 205 | 10% | |||||||
Total Eicher | 3 041 | 3 790 | -20% | 6 250 | 7 101 | -12% | |||||||
*As of 2013 Eicher is reported under the equity method and consequently sales and deliveries are not consolidated in to the Volvo Group