Friday, June 17, 2011

Volvo Truck Group Reports Big Increase in Deliveries on Freight Vehicles

Up By Nearly Fifty Percent from Last Year
Shipping News Feature

WORLDWIDE – Volvo Groups truck operations (involving Volvo Trucks, Mack, Renault Trucks, UD Trucks and Eicher ) has reported that during May total deliveries amounted to 20,258 vehicles. This was an increase of 49 % compared with the year-earlier period of 13,577 vehicles delivered.

In terms of its individual components, the group states that Volvo Trucks reported that the company’s deliveries rose 74% compared with the year-earlier period. The increase pertained to all major markets.

In total, deliveries in Europe amounted to 4,391 trucks in May, representing a 92% year-on-year increase.

The individual French and German markets continued to show strong trends. In France, where the Volvo FMX construction truck was launched in 2010 and was very well received, the number of deliveries rose 77% in May. At the same time, deliveries in the German market rose 72%. In Russia, Volvo Trucks’ deliveries of trucks rose 436% in May compared with the corresponding period in 2010. As a whole, deliveries in Eastern Europe rose 198% in May.

Volvo Trucks continued to capture market shares in South America and deliveries in May amounted to 2,118 vehicles, a 53% year-on-year increase. In Brazil, Volvo Trucks continues to strengthen its position in the medium-heavy segment through increased deliveries of Volvo VM, which the company states is appreciated for its low fuel consumption.

In North America, truck deliveries in May amounted to 2,093, up 117% compared with the year-earlier period. In the long-haul segment, demand continued to increase as older trucks are replaced by new ones, and also because of favourable conditions in the freight industry in general. Volvo states that much of this can be put down to customer interest in Volvo trucks equipped with new energy-efficient engines that meet EPA10 emission legislation requirements.

Deliveries in South Africa were strong in May, amounting to 142 trucks, up 149% compared with the year-earlier period. To date, deliveries in South Africa have increased 73%.

Mack Truck deliveries in May totalled 1,690 vehicles, up 137% (vs. 714) compared with the year-earlier period. Despite ongoing low demand for heavy-duty construction trucks, Mack’s overall market share stayed constant, as the company continued to focus on sales of its highly fuel efficient Pinnacle highway models and customer demand for the industry-leading Mack TerraPro refuse models remained steady.

In May 5,601 Renault trucks were delivered, an increase of 58% compared to the same period last year. Deliveries to Europe rose by 70%, supported by strong performance in Germany and Poland. In Asia, deliveries were up 158% while deliveries to other markets declined by 28% due to lower sales to Northern Africa. The best-selling model is the Renault Premium Route with a year-to-date volume of nearly 7,000 units, an increase of 150%.

Deliveries from UD Trucks in April totalled 1,315 units, a decrease of 44% compared to the same period last year. In Asia, 795 trucks were delivered, a decrease of 60%. In Japan, the number of deliveries declined due to the end of manufacturing of light trucks commissioned by Nissan Motor in January 2011. The production of trucks also decreased due to the disruption of parts supply caused by the earthquake disaster. Deliveries to other markets rose by 46%, mainly as a result of strong deliveries to South Africa where 240 trucks were delivered.

Deliveries from India-based Eicher in May totalled 1,424 trucks, up 33 % compared to the year earlier period.