Volvo Reports Q2 Net New Truck Orders Up 22%; Global Deliveries Flat

Volvo reported truck deliveries declined by 1% to 52,058 vehicles in Q2/17. Net new orders in Q2/17 increase by 22% to 55,265 trucks, driven by a broad-based increase across all regions.

Deliveries of heavy-duty and medium-duty trucks in Europe increased by 7% to 23,553, while orders increased by 11% to 23,347 trucks. Volvo noted that orders for Renault Trucks’ light-duty trucks increased by 53%, primarily as a consequence of all models now being available for sale with Euro 6 step C engines.

In North America, deliveries were down 11%. Volvo Trucks’ market share came in lower at 8.8% compared to 9.6% a year earlier, while Mack gained market shares reaching 8.2%, up from 7.9%.
The order intake increase of 30% was driven by both Mack and Volvo reflecting the higher activity within the construction segment and a somewhat improved freight environment.

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