Volvo: Truck deliveries in October 2012

  Volvo: Truck deliveries in October 2012

Business Wire

GÖTEBORG, Sweden -- November 16, 2012

Regulatory News:

Total deliveries from the Volvo Group’s truck operations in October 2012
amounted to 20,254 vehicles. This was a decrease of 8% compared with the
year-earlier month.

Volvo Group

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD and
Eicher):

Delivered Units      October          Change  Year-to-date       Change
Volvo Group           2012      2011              2012     2011
Europe                8 634     8 743    -1%      69 329    77 524    -11%
Western Europe        6 535     6 529    0%       52 517    62 044    -15%
Eastern Europe        2 099     2 214    -5%      16 812    15 480    9%
North America         3 303     4 045    -18%     40 632    32 985    23%
South America         2 298     2 379    -3%      19 248    23 810    -19%
Asia                  4 486     5 359    -16%     42 180    44 918    -6%
Other markets         1 533     1 502    2%       14 255    12 553    14%
Total Volvo Group     20 254    22 028   -8%      185 644   191 790   -3%
                                                                             
Light duty (< 7t)     1 595     1 624    -2%      15 232    20 221    -25%
Medium duty (7-16t)   2 891     3 292    -12%     27 611    28 039    -2%
Heavy duty (>16t)     15 768    17 113   -8%      142 802   143 531   -1%
Total Volvo Group     20 254    22 028   -8%      185 644   191 790   -3%

Volvo

Deliveries of Volvo branded trucks in October decreased by 10% to 10,051
vehicles compared with the same month last year.

In Europe, deliveries decreased by 6% to 4,350 trucks in total compared to
October last year. The current slowdown in economic activity and uncertainty
about the future business climate in the region is clearly having a negative
impact on demand for trucks. Decisions have been made to lower production of
Volvo trucks in Europe by removing shifts and using stop days for the
remainder of the year to meet the lower demand seen in the third quarter.

October deliveries in Asia amounted to 1,211 units in total, a decrease of 15%
compared to the same month last year.

October deliveries in North America decreased 14% to 2,144 vehicles in
comparison with the same month last year.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.

Deliveries by market area:

Delivered Units      October          Change  Year-to-date     Change
Volvo                 2012      2011              2012    2011
Europe                4 350     4 628    -6%      35 268   37 276   -5%
Western Europe        2 799     3 030    -8%      22 705   26 004   -13%
Eastern Europe        1 551     1 598    -3%      12 563   11 272   11%
North America         2 144     2 501    -14%     21 641   19 580   11%
South America         1 793     2 050    -13%     15 859   20 436   -22%
Asia                  1 211     1 433    -15%     8 984    10 992   -18%
Other markets         553       498      11%      4 892    3 831    28%
Total Volvo           10 051    11 110   -10%     86 644   92 115   -6%
                                                                           
Medium duty (7-16t)   192       183      5%       1 439    1 521    -5%
Heavy duty (>16t)     9 859     10 927   -10%     85 205   90 594   -6%
Total Volvo           10 051    11 110   -10%     86 644   92 115   -6%

Mack

Deliveries for Mack in October totaled 1,506 vehicles, a 16% decrease compared
with October 2011, as economic uncertainty continued to affect overall demand
around the world.

Deliveries by market area:

Delivered Units    October         Change  Year-to-date     Change
Mack                2012      2011             2012    2011
Europe              18        47      -62%     44       47       -6%
Western Europe
Eastern Europe      18        47      -62%     44       47       -6%
North America       1 056     1 438   -27%     18 454   12 318   50%
South America       342       232     47%      2 282    2 339    -2%
Asia                          5       -100%    30       7        329%
Other markets       90        71      27%      948      887      7%
Total Mack          1 506     1 793   -16%     21 758   15 598   39%
                                                                        
Heavy duty (>16t)   1 506     1 793   -16%     21 758   15 598   39%
Total Mack          1 506     1 793   -16%     21 758   15 598   39%

Renault Trucks

In October, 5,438 Renault branded trucks were delivered, an increase of 7%
compared to the year-earlier month. In Renault Trucks’ main market, Europe,
deliveries increased by 5%.

Year to date, total deliveries went down by 11%. The current slowdown in
economic activity and uncertainty about the future business climate in Europe
is clearly having a negative impact on demand for trucks. The weakening market
conditions in Southern Europe and France continues. As a consequence, the
production of Renault trucks in Europe, have been adjusted downwards to meet
the lower demand seen in the third quarter and, in addition, as from the end
of November short-term weeks will be introduced in plants producing Renault
trucks.

Deliveries by market area:

Delivered Units       October         Change  Year-to-date     Change
Renault Trucks         2012      2011             2012    2011
Europe                 4 266     4 068   5%       34 017   40 201   -15%
Western Europe         3 736     3 499   7%       29 812   36 040   -17%
Eastern Europe         530       569     -7%      4 205    4 161    1%
North America          43        17      153%     108      121      -11%
South America          122       66      85%      974      794      23%
Asia                   343       475     -28%     3 194    3 720    -14%
Other markets          664       480     38%      4 604    3 623    27%
Total Renault Trucks   5 438     5 106   7%       42 897   48 459   -11%
                                                                           
Light duty (< 7t)      1 201     1 236   -3%      11 599   15 589   -26%
Medium duty (7-16t)    830       741     12%      6 061    6 392    -5%
Heavy duty (>16t)      3 407     3 129   9%       25 237   26 478   -5%
Total Renault Trucks   5 438     5 106   7%       42 897   48 459   -11%

UD

Deliveries from UD Trucks in October totaled 1,551 units, a decline of 29%.
The decline is mainly a consequence of a weakening in the Japanese market
after the incentives to buy new trucks were ended in July.

Deliveries by market area:

Delivered Units      October         Change  Year-to-date     Change
UD                    2012      2011             2012    2011
North America         60        89      -33%     429      966      -56%
South America         41        31      32%      133      241      -45%
Asia                  1 224     1 599   -23%     13 772   13 247   4%
Other markets         226       453     -50%     3 811    4 212    -10%
Total UD              1 551     2 172   -29%     18 145   18 666   -3%
                                                                          
Light duty (< 7t)     191       137     39%      1 678    2 374    -29%
Medium duty (7-16t)   733       1 118   -34%     9 228    8 689    6%
Heavy duty (>16t)     627       917     -32%     7 239    7 603    -5%
Total UD              1 551     2 172   -29%     18 145   18 666   -3%

Eicher

Deliveries of Eicher branded trucks in October decreased by 8% to 1,708 trucks
compared to the same month last year.

Deliveries by market area:

Delivered Units      October         Change  Year-to-date     Change
Eicher                2012      2011             2012    2011
Asia                  1 708     1 848   -8%      16 200   16 952   -4%
Total Eicher          1 708     1 848   -8%      16 200   16 952   -4%
                                                                          
Light duty (< 7t)     203       251     -19%     1 955    2 258    -13%
Medium duty (7-16t)   1 136     1 250   -9%      10 883   11 437   -5%
Heavy duty (>16t)     370       348     6%       3 363    3 258    3%
Total Eicher          1 708     1 848   -8%      16 200   16 952   -4%

Volvo Group represents 50% of the total production volume for Eicher.

November 16, 2012

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews.

AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments
Trading Act. The information was submitted for publication at 08:30 a.m. in
November 16, 2012.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses
and construction equipment, drive systems for marine and industrial
applications. The Group also provides complete solutions for financing and
service. The Volvo Group, which employs about 115,000 people, has production
facilities in 20 countries and sells their products in more than 190 markets.
In 2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The
Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on OMX Nordic Exchange Stockholm. For more
information, please visit www.volvogroup.com or www.volvogroup.mobi if you are
using your mobile phone

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Volvo Group
Media Relations, +46 31 66 11 81
or
Truck brands:
Renault Trucks
Charlotte Roudovski, +33 4 72 96 29 76
or
Mack
Kim Pupillo, +1336393 2640
or
Volvo
Lennart Pilskog, +46 31 66 49 26
or
UD, Per Sundström, +81 8040 64 92 33
or
Investor Relations:
AB Volvo
Christer Johansson, +46739 02 25 22
or
Anders Christensson, +46 31 66 11 91
or
Volvo Group North America
John Hartwell, +1 201-252-8844