Volvo’s North American Sales Drop 2%
Volvo AB said deliveries by its four truck brands rose 2% worldwide in July, but fell by 2% in North America, Bloomberg reported Wednesday.
Sales at the Mack, Nissan Diesel, Renault and Volvo divisions rose to 19,243 vehicles last month from 18,824 a year earlier, Volvo said in a statement.
Western European truck sales dropped 12% in July, and North American deliveries declined 2%, the company said.
Growth was driven by a 32% increase in South America and a 22% gain in eastern Europe, with deliveries to Asia increasing 16%.
Sales from January through July rose 27%, to 154,888 trucks, Bloomberg reported.
The economy of the 15 nations sharing the euro contracted 0.2% in the second quarter from the first, led by drops in Germany, France and Italy, Bloomberg said.
Volvo Chief Executive Officer Leif Johansson said late last month that eastern European truck-market growth will more than offset declines in the western Europe, while the North American market will be unchanged this year.
Volvo AB, the parent company of Mack Trucks and Volvo Trucks North America, said earlier this month that it would consolidate those unit’s manufacturing operations.
