Volvo Trucks’ deliveries down 10 percent worldwide in October image

Volvo Trucks’ October deliveries fell by 10 percent to 10,051 vehicles compared with the same month last year, the company announced.

In Europe, deliveries decreased by 6 percent to 4,350 trucks in total compared to October last year. The truckmaker paid tribute to Europe’s current slowdown in economic activity and uncertainty about the future business climate in the region, which have a negative impact on demand for trucks.

To meet the lower demand seen in the third quarter, Volvo has decided to lower production of trucks in Europe by removing shifts and using stop days for the remainder of the year.

In Asia, October deliveries amounted to 1,211 units in total, a decrease of 15 percent compared to the same month last year. October deliveries in North America also decreased 14 percent to 2,144 vehicles, as demand in the long-haul segment has slowed, symptomatic of the continued overall economic uncertainty.

Deliveries for South America decreased 13% in October compared with the same month last year. The decrease is primarily a result of the slow economic growth thus far in 2012. However, there are signs that the Brazilian government stimulus package has gained traction and demand is improving.