Volvo truck shipments continue to fall
According to February sales figures released by AB Volvo, the Swedish truck maker shipped 1,400 fewer trucks globally than it did in the same month the year before.
The decline in Volvo’s sales was most obvious in North America, falling 46 percent, extending a sluggish sales arc that began early last year. Deliveries of Volvo and Mack brands in North America fell to 2,462 trucks, down from 4,604 a year ago.
Volvo-branded trucks North American deliveries slid 40 percent to 1,426 units, while Mack deliveries dropped 54 percent to 1,036.
Globally, Volvo shipments fell 26 percent.
“Truck customers in general were uncertain of the development of the European economy and thus delayed their decision to invest in new trucks,” the company said in a release.
Volvo made up substantial ground in Brazil, bolstering deliveries by 23 percent verus same month last year.