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Truck deliveries in January 2012

Total deliveries from the Volvo Group’s truck operations in January amounted to
15 647 vehicles. This was an increase of 2% compared with the year-earlier
period.
 
Volvo Group
 
Total deliveries by market for the Volvo Group’s truck operations (Volvo Trucks,
Mack, Renault Trucks, UD Trucks and Eicher):
 
Delivered Units      January  Change
Volvo Group          2012     2011     
Europe               6 234    6 006   4%
   Western Europe    5 148    5 175   -1%
   Eastern Europe    1 086    831     31%
North America        3 144    2 587   22%
South America        1 183    1 414   -16%
Asia                 4 055    4 357   -7%
Other markets        1 031    913     13%
Total Volvo Group    15 647   15 277  2%
 
Light duty (< 7t)    1 733    2 333   -26%
Medium duty (7-16t)  2 655    2 448   8%
Heavy duty (>16t)    11 259   10 496  7%
Total Volvo Group    15 647   15 277  2%
 
Volvo Trucks
 
Volvo Trucks’ deliveries for January rose 5% to 6,822 trucks, compared with the
year-earlier period.
 
In total, deliveries in Europe amounted to 2,961 trucks in January, up 6%,
year-on-year. In western Europe the deliveries decreased 3% due to continued
uncertainty in terms of economic development.
 
In the Russian market, demand for trucks remained favorable and deliveries in
January rose to 285 trucks, compared with January 2011 when 125 trucks were
delivered. As a whole, deliveries in Eastern Europe increased 39% in January.
 
Deliveries in South America declined 18% to 1,042 trucks in January due to
tougher emission standards starting January 1 2012, followed by lower demand and
need for adapting production levels as planned.
 
In North America, January deliveries rose 15% to 1,582 trucks, year-on-year,
despite the postponement of some deliveries due to a defective component
supplied to Volvo and several other North American manufacturers.  This impact
is expected to continue in February, with recovery thereafter.  Underlying
demand remains at a good level, driven primarily by the need to replace the
industry’s aging highway truck population.  Volvo is continuing to win over new
customers with the fuel economy and performance of its proprietary engines and
I-Shift automated manual transmission.
 
Deliveries by market area:
 
Delivered Units      January  Change
Volvo Trucks         2012     2011     
Europe               2 961    2 805   6%
   Western Europe    2 168    2 233   -3%
   Eastern Europe    793      572     39%
North America        1 582    1 376   15%
South America        1 042    1 264   -18%
Asia                 914      874     5%
Other markets        323      184     76%
Total Volvo Trucks   6 822    6 503   5%
 
Medium duty (7-16t)  139      130     7%
Heavy duty (>16t)    6 683    6 373   5%
Total Volvo Trucks   6 822    6 503   5%
 
 
 
 
 
Mack
 
Deliveries in January totaled 1,593 vehicles, up 25% compared with year-earlier
period. Though there are signs of improvement in the energy sector, the overall
vocational truck segment remains weak, and Mack has compensated with a strong
focus on sales of its Pinnacle highway models.
 
Deliveries by market area:
 
Delivered Units    January  Change
Mack               2012     2011
North America      1 467    1 149   28%
South America      66       105     -37%
Other markets      60       22      173%
Total Mack         1 593    1 276   25%
Heavy duty (>16t)  1 593    1 276   25%
Total Mack         1 593    1 276   25%
 
 
 
 
 
Renault Trucks
 
Deliveries in January increased by 2% compared to the same period last year. The
French assembly plants where the Renault Trucks are produced adapted their
production rate to the market level without having to introduce any short time
weeks.
 
Deliveries by market area:
 
Delivered Units       January  Change
Renault Trucks        2012     2011     
Europe                3 273    3 201   2%
   Western Europe     2 980    2 942   1%
   Eastern Europe     293      259     13%
North America         17       4
South America         57       40      43%
Asia                  257      191     35%
Other markets         246      332     -26%
Total Renault Trucks  3 850    3 768   2%
 
Light duty (< 7t)     1 282    1 201   7%
Medium duty (7-16t)   536      542     -1%
Heavy duty (>16t)     2 032    2 025   0%
Total Renault Trucks  3 850    3 768   2%
 
 
 
 
 
 
 
UD Trucks
 
In total 1,726 UD Trucks were delivered in January, down 17% compared with the
year-earlier period.
 
In Japan, the number of deliveries including light-duty was 599 units, decreased
by 49% compared with the year-earlier period. This is due to the end of contract
manufacturing of light-duty trucks for Nissan Motor at the end of January, 2011.
 
Excluding the light-duty trucks produced for Nissan Motor within the
collaboration framework, deliveries this year increased by 50%.
 
In South East Asia, deliveries to Indonesia rose by 102%.
 
Deliveries by market area:
 
Delivered Units      January  Change
UD Trucks            2012     2011
North America        78       58      34%
South America        18       5       260%
Asia                 1 228    1 635   -25%
Other markets        402      375     7%
Total UD Trucks      1 726    2 073   -17%
 
Light duty (< 7t)    183      992     -82%
Medium duty (7-16t)  885      532     66%
Heavy duty (>16t)    658      549     20%
Total UD Trucks      1 726    2 073   -17%
 
Eicher
 
Deliveries from Eicher in November totalled 1,656 trucks, flat compared to the
year earlier period.
 
Deliveries by market area:
 
Delivered Units      January  Change
Eicher               2012     2011
Asia                 1 656    1 657   0%
Total Eicher         1 656    1 657   0%
 
Light duty (< 7t)    268      140     91%
Medium duty (7-16t)  1 095    1 244   -12%
Heavy duty (>16t)    293      273     7%
Total Eicher         1 656    1 657   0%
 
Volvo Group represents 50% of the total production volume for Eicher.
 
February 22, 2012
 
Reporters who would like more information, please contact:
Media Relations:
Bernard Lancelot, Renault Trucks, +33 (0)4 72 96 58 89
John Mies, Mack Trucks, +1 336 39 34 300
Jenny Björsne, Volvo Trucks, +46 31 66 45 23
Hiroshi Nakamura, UD Trucks, +81 48 72 67 601
Investor Relations:
Patrik Stenberg, AB Volvo, +46 31 66 13 36
Anders Christensson, AB Volvo, tel +46 31 66 11 91
John Hartwell, Volvo Group North America, tel +1 212 418 7432
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