Volvo Truck Deliveries in July 2014

G�TEBORG, SWEDEN -- August 21, 2014: Deliveries from the Volvo Group’s truck operations in July 2014 amounted to 15,410 vehicles. This was a decrease of 9% compared with the year-earlier month.

Volvo Group

Deliveries from the Volvo Group’s truck operations in July 2014 amounted to 15,410 vehicles. This was a decrease of 9% compared with the year-earlier month. On a regional basis July deliveries declined by 36% in South America and by 17% in Europe while deliveries increased by 21% in North America.

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD Trucks and Eicher):

Delivered Units	July		Change	Year-to date		Change
Volvo Group	2014	2013		2014	2013
Europe	5,606	6,767	-17%	41 000	41,683	-2%
Western Europe	4,399	5,262	-16%	31 776	32,655	-3%
Eastern Europe	1,207	1,505	-20%	9 224	9,028	2%
North America	4,786	3,943	21%	32 770	24,853	32%
South America	1,580	2,460	-36%	14 023	16,245	-14%
Asia	1,995	2,352	-15%	18 858	15,435	22%
Other markets	1,443	1,377	5%	9 827	9,083	8%
Total Volvo Group	15,410	16,899	-9%	116 478	107,299	9%

Light duty (< 7t)	1,506	1,318	14%	8 431	7,453	13%
Medium duty (7-16t)	1,034	1,369	-24%	8 636	9,253	-7%
Heavy duty (>16t)	12,870	14,212	-9%	99 411	90,593	10%
Total Volvo Group	15,410	16,899	-9%	116 478	107,299	9%

Non-consolidated operations
Eicher (100%)	2,469	2,437	1%	17 745	20,026	-11%
DVT (100%)	8	10	-20%	37	145	-74%
Total Volumes	17,887	19,346	-8%	134 260	127,470	5%

Volvo

In July 8,616 Volvo trucks were delivered, a decrease of 13% compared with the same month last year.

In Europe 2,944 vehicles were delivered during July, down by 24% compared with July 2013. Deliveries in Eastern Europe were down by 27% mainly due to lower demand in Russia.

Demand in North America continued to be good and deliveries increased by 25% to 2,941 vehicles in comparison with the same period last year.

Deliveries in South America decreased to 1,446 trucks in July, a decrease of 36% compared with July 2013. The decrease is a consequence of lower demand as well as inventory reduction in the dealer channel.

Deliveries by market area:

Delivered Units	July		Change	Year-to-date		Change
Volvo	2014	2013		2014	2013
Europe	2,944	3,878	-24%	24,211	22,880	6%
Western Europe	2,013	2,606	-23%	16,818	15,293	10%
Eastern Europe	931	1,272	-27%	7,393	7,587	-3%
North America	2,941	2,350	25%	19,463	13,857	40%
South America	1,446	2,270	-36%	12,890	14,452	-11%
Asia	834	974	-14%	7,145	6,758	6%
Other markets	451	487	-7%	3,565	3,133	14%
Total Volvo	8,616	9,959	-13%	67,274	61,080	10%

Medium duty (7-16t)	108	151	-28%	1,220	955	28%
Heavy duty (>16t)	8,508	9,808	-13%	66,054	60,125	10%
Total Volvo	8,616	9,959	-13%	67,274	61,080	10%

Mack

Deliveries for Mack in July totaled 1,988 vehicles, a 16% increase compared with July 2013.

Deliveries by market area:

Delivered Units	July		Change	Year-to-date		Change
Mack	2014	2013		2014	2013
Europe					1	-100%
Western Europe					1
Eastern Europe
North America	1,825	1,564	17%	13,190	10,711	23%
South America	77	88	-13%	446	1,218	-63%
Asia	2	5	-60%	5	12	-58%
Other markets	84	58	45%	580	529	10%
Total Mack	1,988	1,715	16%	14,221	12,471	14%

Heavy duty (>16t)	1,988	1,715	16%	14,221	12,471	14%
Total Mack	1,988	1,715	16%	14,221	12,471	14%

Renault Trucks

In July 3,232 trucks were delivered by Renault Trucks. The deliveries of heavy duty trucks declined by 15% to 1,597 trucks in July compared with the year-earlier month while deliveries of light duty trucks increased to 1,344 trucks, up by 14%.

Deliveries by market area:

Delivered Units	July		Change	Year-to-date		Change
Renault Trucks	2014	2013		2014	2013
Europe	2,662	2,889	-8%	16,789	18,802	-11%
Western Europe	2,386	2,656	-10%	14,958	17,361	-14%
Eastern Europe	276	233	18%	1,831	1,441	27%
North America	7	18	-61%	75	74	1%
South America	45	67	-33%	452	483	-6%
Asia	122	212	-42%	2,218	1,293	72%
Other markets	396	446	-11%	2,879	2,807	3%
Total Renault Trucks	3,232	3,632	-11%	22,413	23,459	-4%

Light duty (< 7t)	1,344	1,175	14%	7,565	6,716	13%
Medium duty (7-16t)	291	572	-49%	2,314	3,971	-42%
Heavy duty (>16t)	1,597	1,885	-15%	12,534	12,772	-2%
Total Renault Trucks	3,232	3,632	-11%	22,413	23,459	-4%

UD Trucks

In July 2014, UD Trucks delivered 1,574 trucks, which was a decrease by 1% compared to July last year.

Deliveries by market area:

Delivered Units	July		Change	Year-to-date		Change
UD Trucks	2014	2013		2014	2013
North America	13	11	18%	42	211	-80%
South America	12	35	-66%	235	92	155%
Asia	1,037	1,161	-11%	9,490	7,372	29%
Other markets	512	386	33%	2,803	2,614	7%
Total UD Trucks	1,574	1,593	-1%	12,570	10,289	22%

Light duty (< 7t)	162	143	13%	866	737	18%
Medium duty (7-16t)	635	646	-2%	5,102	4,327	18%
Heavy duty (>16t)	777	804	-3%	6,602	5,225	26%
Total UD	1,574	1,593	-1%	12,570	10,289	22%

Non-consolidated operations
DVT (100%)	8	10	-20%	37	145	-74%
Total volumes	1,582	1,603	-1%	12,607	10,434	21%

Eicher*

Eicher delivered 2,469 trucks in July which is approximately the same amount of trucks delivered in July 2013.

Deliveries by market area:

Delivered Units	July		Change	Year-to-date		Change
Eicher (100%)	2014	2013		2014	2013
Asia	2,469	2,437	1%	17,745	20,026	-11%
Total Eicher	2,469	2,437	1%	17,745	20,026	-11%

Light duty (< 7t)	394	320	23%	2,920	2,686	9%
Medium duty (7-16t)	1,466	1,575	-7%	10,229	13,040	-22%
Heavy duty (>16t)	609	542	12%	4,596	4,300	7%
Total Eicher	2,469	2,437	1%	17,745	20,026	-11%

*As of 2013 Eicher is reported under the equity method and consequently sales and deliveries are not consolidated in to the Volvo Group.