Volvo Trucks’ deliveries November 2008

Volvo Trucks’ deliveries in the month of November declined by 8% compared with the year-earlier period.

Due to the current uncertainty in the economy, the overall demand for new trucks in Europe continues to be weak.

The European delivery rates in the month of November are down with 30%. The demand for trucks in North America has not recovered. The deliveries in North America decreased in the month of November with 25%.

The downturn has now started to impact the demand in South America. However, the deliveries in South America and Asia remained at a high level.

In the month of November, the deliveries were up 4% in South America and 100% in Asia, whereof the Middle East increased with 156%. Volvo Trucks has during the autumn adapted the production capacity on all main production sites globally.