World number two truck maker Volvo said on Wednesday total deliveries in April amounted to 18497 vehicles, down 4 percent from the year-earlier period.
Volvo, which sells trucks under the Renault, Mack, UD Trucks and Eicher brands as well as its own name, said unit shipments were up 39 percent in North America while they fell 22 per cent in Europe, the group’s biggest market.
April deliveries in Latin America for Volvo brand vehicles decreased 38 percent to 1,209 trucks compared with 1,938 trucks in April 2011. The transition from Euro III to Euro V and high competitor inventories of Euro III units continued to negatively impact demand.
“It was a little bit weaker than expected,” said an analyst who declined to be named, adding a note of caution about making too much out of a single month’s figures.
Volvo forecasts for the European truck market to shrink to about 230,000 units this year from 242,400 units last year.