Volvo’s February North American Deliveries Jump 32%

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Transport Topics / March 19, 2015

Volvo Group’s North American truck deliveries jumped 32% in February from the same month a year earlier, the company said.

Deliveries rose to 5,146 trucks from 3,896 a year ago, Gothenberg, Sweden-based Volvo Group said in a statement.

Volvo truck deliveries rose 30% to 3,128 trucks in North America while Mack’s gained 35% to 1,995 trucks.

“Deliveries in North America increased thanks to a continuously high demand due to fleet renewal and a good economic development in general,” Volvo said in a statement.

Global Volvo Group deliveries for all Volvo brands slipped 1% for the month to 15,456 units. Heavy-duty unit deliveries fell 5% to 13,075 units.

The worldwide decline was led by a 73% plunge in South America, “primarily due to lower deliveries in Brazil, where slow economic development combined with more stringent financing terms for buying trucks has significantly reduced demand.”

Volvo Group makes Volvo and Mack trucks in North America and includes the Eicher, UD Trucks and Renault Trucks brands worldwide. Volvo said in early March it sold a $300 million stake in Eicher, based in India.