Volvo Truck Deliveries Slower In March
Volvo Truck’s strong slate of North American deliveries in March couldn’t completely offset declines in Europe and Asia, the company has recently reported.
Volvo’s truck deliveries totalled 9954 vehicles in March, down by 4% compared with the year-earlier period. North America was a bright spot, with March deliveries increasing 48% to 2552 vehicles compared with the same period last year. The increase was primarily a result of continued replacement demand, the company said.
Deliveries in Europe totalled 3952 — down 12% compared with March 2011. Ongoing economic and political uncertainty in Southern Europe continued to affect truck deliveries in certain markets, the company said. Volvo reported positive numbers from Great Britain, the Baltic states and Russia, where deliveries increased from 390 in March 2011 to 604 this year.
Deliveries in Asia slumped 42% in March, from 1527 in 2011 to 891 this year. Volvo said deliveries in South America continued to be affected by planned production reductions in the wake of new emission requirements, which were introduced on Jan. 1. In March, deliveries declined by 13% to 1943 trucks compared with the same period last year. Looking at individual markets in South America, deliveries increased in Argentina, Peru and Uruguay during March.
So far this year, deliveries are off by 1%. Volvo sold 25,302 trucks from January through March of 2011 compared to 25,014 this year.