GOTEBORG, Sweden, Jan. 14, 2003 (PRIMEZONE) -- Volvo (Nasdaq:VOLVY) became the largest player in the heavy trucks market in the Nordic region in 2002. Volvo sold the most heavy trucks (more than 16 tons) in Sweden, Denmark, Finland and Norway. Volvo was also the largest Nordic brand for medium-heavy trucks (10-16 tons).
During the past year, a total of 4,561 Volvo trucks in the heavy-truck class were registered and market share in the Nordic region increased from 36.4 to 38 percent, compared with 2001. During 2002, Volvo began to deliver a new model program, with three new models -- the Volvo FH12, Volvo FM12 and Volvo FM9.
Registrations and market share in the Nordic countries:
Country Number Share (2001) Position Total market Denmark 1,053 30.7% (27.4) 1 3,429 (3,874) Finland 726 33.8% (33.3) 1 2,148 (2,268) Norway 873 36.9% (36.6) 1 2,369 (2,300) Sweden 1,909 47.1% (46.1) 1 4,055 (4,261) Total 4,561 38.0% (36.4) 1 12,001 (12,703)
In the Nordic region, Volvo was also market leader in the medium-heavy class, with a market share of 38.3 percent.
For further information, please contact: Ulf Arensberg, +46 31 66 66 50
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http://www.waymaker.net/bitonline/2003/01/14/20030114BIT00920/wkr0001.doc
http://www.waymaker.net/bitonline/2003/01/14/20030114BIT00920/wkr0002.pdf