Saturday, October 25, 2008

Volvo Truck Sales (story changed)

by Calculated Risk on 10/25/2008 12:30:00 PM

Initially I posted a story about a significant plunge in truck sales for Volvo. However the details were misleading because of cancellations.

Here is a story from Bloomberg: European Heavy-Truck Sales Drop 4.8% as Economic Growth Wanes

European heavy-truck sales fell 4.8 percent last month as the credit crisis and concern that a recession is coming deterred companies from expanding fleets.

Manufacturers sold 28,947 trucks weighing 16 metric tons or more in September compared with 30,403 a year earlier, the Brussels-based European Automobile Manufacturers Association said in a statement today. Nine-month deliveries rose 3.5 percent to 250,580 vehicles.