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Sales figures up and down

30th August 2001, Page 10
30th August 2001
Page 10
Page 10, 30th August 2001 — Sales figures up and down
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Which of the following most accurately describes the problem?

• Volvo Global Trucks recorded an 11% drop in orders for the first seven months of the year but its Renault VI subsidiary bucked the recent trend with a 3% rise.

The much-predicted recession currently winging its way to Europe from the US seems to be confirmed by Volvo Global Trucks, whose US January-July sales were down 38% on last year.

Renault Trucks' market is dominated by western European sales, which rose 542 to 34,051. The report highlights a 20% increase in Kerax sales and a 16% increase for the Midlum range. Renault Trucks' UK registrations rose 30% to 2,399 according to Society of Motor Manufacturers and Traders (CM16-22 Aug).

Volvo Truck Corporation recorded a 19% drop of deliv

ered vehicles to 39,072 compared with the same period last year. In Western Europe sales fell 14% to 21, 994; its US operation suffered a 41% nose dive. In the UK Volvo Truck sales are neck and neck with last year's registrations, recording 3,961 for the first seven months of 2001.