Volvo Group Trucks Delivers Up 25% in October [table] image

Volvo Trucks, the Swedish based and world number two truck maker said on Wednesday that shipments of its trucks rose 25 percent year-on-year to 4,628 trucks in October.

Total deliveries by market for the Volvo Group’s truck operations includes Volvo Trucks, Mack, Renault Trucks, UD Trucks and Eicher, the company said.

In Europe, the brand delivered 4,628 trucks, up 34% year-on-year. In Eastern Europe, the company reported an increase of 130%. The trend in Russia remained positive and the number of deliveries in October increased 150% to 561 vehicles compared with October 2010.

“Overall the set of numbers for October are a bit stronger than I had expected, I think it’s positive to see that Eastern Europe is still on a very positive trend, and North America is also doing quite well,” said Morten Imsgard, analyst at Sydbank.

In North America Volvo brand delivered 2,501 vehicles – up 51 percent reflecting continued strong replacement demand for highway trucks – while in Brazil rose 24% year-on-year.
The company said that Volvo Trucks is the first truck manufacturer introducing Euro 5 in Brazil and the technique is available in Volvo trucks in Brazil since July this year. In total, deliveries in South America rose 30% to 2,050 trucks compared with October 2010.