Volvo truck sales - september

We have the new Volvo truck sales. (it contain the records of the group,including the Volvo,Mack,Renault ,Nissan and Eicher)

Good news,of course if we compare the results to the first half of 2009.

Generaly , the sales are fall 52% compared to the the same month of 2008,on the group level,on all truck type.

The numbers:


And here are heavy duty (class 9) sales for the brands:



Interesting points:
-the Eastern Europe market collapsed.
-the US market in good shape,of course if we compare it to the very bad 2008 year (of course 2008 is bed,if we compare it to 2006/7,but it was a good year compared to 2009)
-Other Asia performing well,but not due to the Nissan,because the sales fo this brand down by 46% (and the Other Asia category down by 26%)

Here is the report of the Volvo for the first 9 month.

Financial result,and an indicator about the sales volume:
During the third quarter of 2009, the truck operation’s net sales amounted to SEK 30,351 M, which was a decline of 9% compared with the second quarter and 34% lower than the third quarter of 2008. Adjusted for changes in exchange rates and acquired companies, net sales decreased by 42% compared to the third quarter of 2008.

The truck operations recorded an operating loss of SEK 2,329 M in the third quarter of 2009 compared to an operating loss of SEK 4,778 M in the second quarter and an operating income of SEK 2,653 M in the third quarter of 2008. The operating margin amounted to a negative 7.7% (Negative 14.3%, Positive 5.7%).

Cost cutting with full speed.
And they have favorable exchange rate

Net order intake:

Net order intake rose by 20% during the third quarter of 2009 when compared with the second quarter of 2009. However, orders continue to be on low levels.

Net order intake in Europe was 8,189 trucks during the third quarter, which was a significant increase compared to exceptionally low level in the year-earlier period. For the full year 2009 the European market for heavy-duty trucks is expected to be at least halved compared to the 2008 level of 319,000 trucks, which is unchanged from the previous outlook.

Order intake in North America increased by 56% in comparison to the second quarter of 2009. However, prevailing economic conditions continue to weigh heavily on the market and compared to the third quarter of 2008 net orders decreased by 33%. The North American market for heavy-duty trucks is expected to come down some 30-40% in 2009 from the 2008 level of 185,000 units, which is unchanged from the previous outlook.

Order intake in Asia increased by 28% to 10,079 trucks during the third quarter compared to the second quarter of 2009, with improvements in both Japan and India. The Japanese market for medium-duty and heavy-duty trucks is expected to decline by about 40% from the level of 74,500 vehicles in 2008, which is unchanged from the previous outlook.

And finaly , construction equipment:

Decline in all major markets except China

Measured in units, the total world market for heavy, compact and road machinery equipment decreased by 42% in the third quarter of 2009 compared to the same period last year. In Europe the total market was down 54% and North America decreased by 50%. China was up 45% while all of Asia declined by 11%. Other markets decreased by 61%.

Chinese buble on full speed.