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.