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Volvo: Truck Deliveries in November 2012

  Volvo: Truck Deliveries in November 2012

Total deliveries from the Volvo Group’s truck operations in November 2012
amounted to 19,104 vehicles. This was a decrease of 15% compared with the
year-earlier month.

Business Wire

GÖTEBORG, Sweden -- December 19, 2012

Regulatory News:

Volvo Group (STO:VOLVA)(STO:VOLVB):

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

Delivered Units      November         Change  Year-to-date       Change
Volvo Group           2012    2011              2012     2011
Europe                7 406    8 552    -13%     76 735    86 076    -11%
Western Europe        5 697    6 693    -15%     58 214    68 737    -15%
Eastern Europe        1 709    1 859    -8%      18 521    17 339    7%
North America         3 510    4 839    -27%     44 142    37 824    17%
South America         2 252    2 545    -12%     21 500    26 355    -18%
Asia                  4 357    5 153    -15%     46 537    50 071    -7%
Other markets         1 579    1 351    17%      15 834    13 904    14%
Total Volvo Group     19 104   22 440   -15%     204 748   214 230   -4%
                                                                            
Light duty (< 7t)     1 519    1 801    -16%     16 751    22 022    -24%
Medium duty (7-16t)   2 634    3 120    -16%     30 245    31 159    -3%
Heavy duty (>16t)     14 952   17 520   -15%     157 753   161 050   -2%
Total Volvo Group     19 104   22 440   -15%     204 748   214 230   -4%
                                                                            

Volvo

Deliveries of Volvo branded trucks in November decreased by 17% to 9,446
vehicles compared with the same month last year.

In Europe, deliveries decreased by 13% to 3,835 trucks in total compared to
November 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. Production of Volvo trucks in Europe has been
lowered by removing shifts and using stop days for the remainder of the year
to meet the lower demand.

November deliveries in Asia amounted to 1,132 units in total, a decrease of
19% compared to the same month last year.

November deliveries in North America decreased 24% to 2,243 vehicles in
comparison with the same period last year. Concerns about the economy
continued to affect the market, and a combination of stop days and rate
reduction is being implemented to align production with demand.

Deliveries for South America decreased 21% in November compared with the same
month last year. The decrease was primarily driven by lagging effects of the
sluggish economy, but government stimulus efforts in Brazil are having an
impact, and demand continues to improve.

Deliveries by market area:

Delivered Units      November        Change  Year-to-date      Change
Volvo                 2012   2011              2012    2011
Europe                3 835   4 418    -13%     39 103   41 694    -6%
Western Europe        2 530   3 059    -17%     25 235   29 063    -13%
Eastern Europe        1 305   1 359    -4%      13 868   12 631    10%
North America         2 243   2 959    -24%     23 884   22 539    6%
South America         1 712   2 159    -21%     17 571   22 595    -22%
Asia                  1 132   1 406    -19%     10 116   12 398    -18%
Other markets         524     407      29%      5 416    4 238     28%
Total Volvo           9 446   11 349   -17%     96 090   103 464   -7%
                                                                          
Medium duty (7-16t)   137     217      -37%     1 576    1 738     -9%
Heavy duty (>16t)     9 309   11 132   -16%     94 514   101 726   -7%
Total Volvo           9 446   11 349   -17%     96 090   103 464   -7%
                                                                          

Mack

Deliveries for Mack in November totaled 1,712 vehicles, a 24% decrease
compared with November 2011. North American delivery volumes were impacted by
fewer production days, and ongoing market concerns about the potential for a
“fiscal cliff.”

Deliveries by market area:

Delivered Units    November       Change  Year-to-date     Change
Mack                2012   2011             2012    2011
Europe              1       52      -98%     45       99       -55%
Western Europe
Eastern Europe      1       52      -98%     45       99       -55%
North America       1 243   1 774   -30%     19 697   14 092   40%
South America       387     315     23%      2 669    2 654    1%
Asia                                         30       7        329%
Other markets       81      113     -28%     1 029    1 000    3%
Total Mack          1 712   2 254   -24%     23 470   17 852   31%
                                                                      
Heavy duty (>16t)   1 712   2 254   -24%     23 470   17 852   31%
Total Mack          1 712   2 254   -24%     23 470   17 852   31%
                                                                      

Renault Trucks

In November, 4,609 Renault branded trucks were delivered, a decrease of 11%
compared to the year-earlier month.

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 has
been adjusted downwards to meet the lower demand and, in addition, as from
November 22 short-term weeks have been introduced in plants producing Renault
trucks.

Deliveries by market area:

Delivered Units       November       Change  Year-to-date     Change
Renault Trucks         2012   2011             2012    2011
Europe                 3 570   4 082   -13%     37 587   44 283   -15%
Western Europe         3 167   3 634   -13%     32 979   39 674   -17%
Eastern Europe         403     448     -10%     4 608    4 609    0%
North America          21      43      -51%     129      164      -21%
South America          153     61      151%     1 127    855      32%
Asia                   357     527     -32%     3 551    4 247    -16%
Other markets          508     444     14%      5 112    4 067    26%
Total Renault Trucks   4 609   5 157   -11%     47 506   53 616   -11%
                                                                         
Light duty (< 7t)      1 142   1 482   -23%     12 741   17 071   -25%
Medium duty (7-16t)    621     802     -23%     6 682    7 194    -7%
Heavy duty (>16t)      2 846   2 873   -1%      28 083   29 351   -4%
Total Renault Trucks   4 609   5 157   -11%     47 506   53 616   -11%
                                                                         

UD

Deliveries from UD Trucks in November totaled 1,777 units, a decline of 19%.

The decline is mainly a consequence of a 21% weakening in the Japanese market
after the incentives to buy new trucks were ended in July. However, Other
markets improved by 20% mainly due to increased demand for construction trucks
in South Africa.

Deliveries by market area:

Delivered Units      November       Change  Year-to-date     Change
UD                    2012   2011             2012    2011
North America         3       63      -95%     432      1 029    -58%
South America                 10      -100%    133      251      -47%
Asia                  1 308   1 730   -24%     15 080   14 977   1%
Other markets         466     387     20%      4 277    4 599    -7%
Total UD              1 777   2 190   -19%     19 922   20 856   -4%
                                                                        
Light duty (< 7t)     187     147     27%      1 865    2 521    -26%
Medium duty (7-16t)   782     1 068   -27%     10 010   9 757    3%
Heavy duty (>16t)     808     975     -17%     8 047    8 578    -6%
Total UD              1 777   2 190   -19%     19 922   20 856   -4%
                                                                        

Eicher

Deliveries of Eicher branded trucks in November increased by 5% to 1,560
trucks compared to the same month last year.

Deliveries by market area:

Delivered Units      November       Change  Year-to-date     Change
Eicher                2012   2011             2012    2011
Asia                  1 560   1 491   5%       17 760   18 443   -4%
Total Eicher          1 560   1 491   5%       17 760   18 443   -4%
                                                                        
Light duty (< 7t)     190     172     10%      2 145    2 430    -12%
Medium duty (7-16t)   1 094   1 033   6%       11 977   12 470   -4%
Heavy duty (>16t)     277     286     -3%      3 639    3 544    3%
Total Eicher          1 560   1 491   5%       17 760   18 443   -4%
                                                                        

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

December 19, 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
December 19, 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:

Media Relations
Volvo Group:
Kina Wileke, +46739-02 55 44
or
Truck brands:
Renault Trucks, Charlotte Roudovski, +33 4 72 96 29 76
Mack, Kim Pupillo, +1336393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 8040 64 92 33
or
Investor Relations
AB Volvo:
Christer Johansson, +46739 02 25 22
Patrik Stenberg, +46 31 66 13 36
or
Volvo Group North America
John Hartwell, +1 201-252-8844