Volvo Trucks sees increase in ’02

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GREENSBORO, N.C. — Volvo Trucks increased its deliveries by six per cent in 2002 compared with the previous year.

There were 69,483 trucks delivered despite change over in production with lower volumes at the beginning of the year. The launch of the new product range contributed to a very successful year for Volvo Trucks.

The total world market for heavy trucks noted an all-time high at about 880,000 units. China accounted for a major proportion of the significant increase in demand. All the market divisions contributed to Volvo Trucks’ strong improvement.

The growth was greatest in Asia, where several countries noted record sales, among them China (1,049, +89 per cent) and South Korea (833, +71 per cent). Iran was the largest market in Asia, increasing to 2,372 (+ 179 per cent). Despite a shrinking total market in Brazil, Volvo made a good year with increased sales (+3 per cent) and became market leader.

Volvo Trucks’ total market share in Western Europe dropped to 14.1 per cent as a result of the low production rate at the start of the year.

Volvo Trucks North America increased deliveries by 14 per cent, mainly because many customers chose to advance their truck purchases ahead of forthcoming new tougher October, 2002 emissions regulations.

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