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28
THE VOLVO GROUP YEAR 2000
TRUCKS
tories of new and used trucks. As a result, the competition continued to stiffen, causing cut-
backs in production and personnel reductions by most manufacturers.
In total, the world market for heavy trucks in 2000 increased by 4% to 780,000 vehicles
(750,000). The market in Western Europe increased by 4% while the U.S. market declined by
19%, compared with 1999 figures.
Business environment
The consolidation in the heavy truck industry continues towards fewer producers of trucks and
components. In the year 2000 several mergers and cooperations were established.
The DaimlerChrysler Group acquired the American truck producer Western Star (100%)
and the American diesel engine manufacturer Detroit Diesel (100%). The Renault Group
acquired 22.5% of the Japanese truck manufacturer Nissan Diesel. The German heavy truck
manufacturer MAN bought the British truck producer ERF (100%) and the Polish truck com-
pany Star (100%). Volkswagen acquired 18% of Scania AB and AB Volvo acquired 100% of
Renault V.I. and Mack.
Sales and market shares
Volvo Trucks delivered 81,830 medium-heavy and heavy trucks in 2000, a decrease of 4%
compared with 1999. Deliveries in Western Europe totaled 42,050 (39,630). The market
share in this area in the heavy class (>16 tons) was 14.9% (15.0). The production capacity in
Volvo Trucks’ European industrial system was fully utilized in 2000 but could not fully meet
the strong demand from the market in Western Europe in combination with increasing
demand in Eastern Europe and parts of Asia. Volvo’s deliveries in North America amounted
to 23,610 trucks (34,300) in a declining total market and the market share in Class 8 in the
U.S. amounted to 10.7% (10.7).
Deliveries of Volvo trucks in South America increased by 16% to 4,530 units (3,900). The
market share in Brazil increased to 27.4% (27.3) and Volvo is now the second-largest heavy
truck brand on the market. Volvo’s deliveries in the rest of the world in 2000 totaled 11,640
units (7,260). Significant increases during the year 2000 took place in Iran, Turkey, South
Korea and Japan.
Deliveries of medium-heavy trucks increased by 39% to 5,360 units following the success-
ful launch of the new Volvo FL in March 2000.
Volvo Trucks’ net sales in 2000 amounted to SEK 62,196 M (63,010). Orders booked in
2000 decreased by 6%, mainly as a result of the downward market trend in North America.
Volvo Trucks’ order book at the end of 2000 was 19% lower than in 1999.
Number of vehicles invoiced Trucks
1998 1999 2000
Western Europe 37,810 39,630 42,050
Eastern Europe 4,540 2,900 4,090
North America 29,310 34,300 23,610
South America 6,020 3,900 4,530
Asia 3,760 2,720 5,560
Other markets 1,840 1,640 1,990
Total 83,280 85,090 81,830
Largest markets Trucks
Volvo heavy Market share,
trucks registrations %
1999 2000 1999 2000
United States 28,177 22,565 10.7 10,7
France 5,856 6,323 13.5 13.5
Great Britain 6,088 5,784 19.3 17.7
Germany 4,288 4,684 7.3 8.2
Brazil 3,229 4,032 27.3 27.4
Spain 2,794 3,326 12.3 13.0
Net sales per market Trucks
SEK M 1998 1999 2000
Western Europe 30,666 32,750 33,383
Eastern Europe 3,089 2,265 3,158
North America 17,659 22,303 17,201
South America 3,777 2,190 3,111
Asia 2,047 2,010 3,432
Other markets 1,267 1,492 1,911
Total 58,505 63,010 62,196