Volvo Trucks deliveries April 2009

Volvo Trucks’ deliveries declined by 67% in the month of April compared with the year-earlier period.

In Europe the decline was 73%. The utilisation rate in the operators’ truck fleets has decreased, and the truck industry as a whole has too high inventories of both new and used trucks. This will continue to impact the production of new trucks in the coming months with a very low capacity utilisation in the industrial system as a consequence.

The deliveries in North America decreased by 75%, which is reflecting the low demand this year, and the comparison with a temporary peak in production in April 2008, following several weeks of stand-still during the UAW strike.

The Volvo Trucks dealer network focuses on maintaining strong customer relationships and to support the rolling truck fleet of about 1 million Volvo trucks around the world.