GREENSBORO, N.C. – Volvo Trucks North America announced today that it has posted record results achieveing all-time highs in 2015 for US, Canada and NAFTA Class 8 retail sales.
Volvo also reached record penetration levels for Volvo power, I-Shift automated manual transmissions and XE eXceptional Efficiency powertrain packages.
Its US retail market share was a record 12.4% in 2015, up 0.4 percentage points from 2014. Market share climbed 1 percentage point in Canada for a record 16.3% (4,884 vehicles compared to 4,510 in 2014). In addition, Volvo also achieved a record 12.2% NAFTA market share (36,940 vehicles), compared with 11.9%(32,281) in 2014. Volvo market share in Mexico was 4.9%.
Volvo attributed its record-breaking 2015 to positive customer response to its fuel-efficient vehicles and powertrain and its uptime support. The strong performance also resulted in the production of more commercial vehicles than ever before at its New River Valley Assembly plant, based in Dublin, Virginia, where all Volvo models for North America are assembled.
“We are very proud of our people, whose dedication allowed us to make these great achievements,” said Gӧran Nyberg, president of Volvo Trucks North America. “It’s clear from our strong performance that the market continues to see the fuel efficiency benefits offered by our powertrain and aerodynamic truck design, combined with our commitment to maximizing Uptime for customers. While we are very pleased with our 2015 results, we will continue to seek opportunities to make advancements in products, service and support that positively impact the bottom line of our customers.”
Volvo engines were spec’d in a record 93% of the trucks sold in 2015, and Volvo I-Shift penetration was a record 83%. More than 27% of all trucks soldin 2015 featured an XE package.