Truck deliveries in July 2014


Deliveries from the Volvo Group’s truck operations in July 2014 amounted to
15,410 vehicles. This was a decrease of 9% compared with the year-earlier month.
Volvo Group

Deliveries from the Volvo Group’s truck operations in July 2014 amounted to
15,410 vehicles. This was a decrease of 9% compared with the year-earlier month.
On a regional basis July deliveries declined by 36% in South America and by 17%
in Europe while deliveries increased by 21% in North America.

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD
Trucks and Eicher):

+---------------------------+------+------+------+-------+-------+------+
|Delivered Units            |July         |Change|Year-to date   |Change|
+---------------------------+------+------+------+-------+-------+------+
|Volvo Group                |2014  |2013  |      |2014   |2013   |      |
+---------------------------+------+------+------+-------+-------+------+
|Europe                     |5,606 |6,767 |-17%  |41 000 |41,683 |-2%   |
+---------------------------+------+------+------+-------+-------+------+
|   Western Europe          |4,399 |5,262 |-16%  |31 776 |32,655 |-3%   |
+---------------------------+------+------+------+-------+-------+------+
|   Eastern Europe          |1,207 |1,505 |-20%  |9 224  |9,028  |2%    |
+---------------------------+------+------+------+-------+-------+------+
|North America              |4,786 |3,943 |21%   |32 770 |24,853 |32%   |
+---------------------------+------+------+------+-------+-------+------+
|South America              |1,580 |2,460 |-36%  |14 023 |16,245 |-14%  |
+---------------------------+------+------+------+-------+-------+------+
|Asia                       |1,995 |2,352 |-15%  |18 858 |15,435 |22%   |
+---------------------------+------+------+------+-------+-------+------+
|Other markets              |1,443 |1,377 |5%    |9 827  |9,083  |8%    |
+---------------------------+------+------+------+-------+-------+------+
|Total Volvo Group          |15,410|16,899|-9%   |116 478|107,299|9%    |
+---------------------------+------+------+------+-------+-------+------+
|                           |      |      |      |       |       |      |
+---------------------------+------+------+------+-------+-------+------+
|Light duty (< 7t)          |1,506 |1,318 |14%   |8 431  |7,453  |13%   |
+---------------------------+------+------+------+-------+-------+------+
|Medium duty (7-16t)        |1,034 |1,369 |-24%  |8 636  |9,253  |-7%   |
+---------------------------+------+------+------+-------+-------+------+
|Heavy duty (>16t)          |12,870|14,212|-9%   |99 411 |90,593 |10%   |
+---------------------------+------+------+------+-------+-------+------+
|Total Volvo Group          |15,410|16,899|-9%   |116 478|107,299|9%    |
+---------------------------+------+------+------+-------+-------+------+
|                           |      |      |      |       |       |      |
+---------------------------+------+------+------+-------+-------+------+
|Non-consolidated operations|      |      |      |       |       |      |
+---------------------------+------+------+------+-------+-------+------+
|Eicher (100%)              |2,469 |2,437 |1%    |17 745 |20,026 |-11%  |
+---------------------------+------+------+------+-------+-------+------+
|DVT (100%)                 |8     |10    |-20%  |37     |145    |-74%  |
+---------------------------+------+------+------+-------+-------+------+
|Total Volumes              |17,887|19,346|-8%   |134 260|127,470|5%    |
+---------------------------+------+------+------+-------+-------+------+

Volvo
In July 8,616 Volvo trucks were delivered, a decrease of 13% compared with the
same month last year.

In Europe 2,944 vehicles were delivered during July, down by 24% compared with
July 2013. Deliveries in Eastern Europe were down by 27% mainly due to lower
demand in Russia.

Demand in North America continued to be good and deliveries increased by 25% to
2,941 vehicles in comparison with the same period last year.

Deliveries in South America decreased to 1,446 trucks in July, a decrease of 36%
compared with July 2013. The decrease is a consequence of lower demand as well
as inventory reduction in the dealer channel.

Deliveries by market area:

+-------------------+-----+-----+------+------+------+------+
|Delivered Units    |July       |Change|Year-to-date |Change|
+-------------------+-----+-----+------+------+------+------+
|Volvo              |2014 |2013 |      |2014  |2013  |      |
+-------------------+-----+-----+------+------+------+------+
|Europe             |2,944|3,878|-24%  |24,211|22,880|6%    |
+-------------------+-----+-----+------+------+------+------+
|   Western Europe  |2,013|2,606|-23%  |16,818|15,293|10%   |
+-------------------+-----+-----+------+------+------+------+
|   Eastern Europe  |931  |1,272|-27%  |7,393 |7,587 |-3%   |
+-------------------+-----+-----+------+------+------+------+
|North America      |2,941|2,350|25%   |19,463|13,857|40%   |
+-------------------+-----+-----+------+------+------+------+
|South America      |1,446|2,270|-36%  |12,890|14,452|-11%  |
+-------------------+-----+-----+------+------+------+------+
|Asia               |834  |974  |-14%  |7,145 |6,758 |6%    |
+-------------------+-----+-----+------+------+------+------+
|Other markets      |451  |487  |-7%   |3,565 |3,133 |14%   |
+-------------------+-----+-----+------+------+------+------+
|Total Volvo        |8,616|9,959|-13%  |67,274|61,080|10%   |
+-------------------+-----+-----+------+------+------+------+
|                   |     |     |      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t)|108  |151  |-28%  |1,220 |955   |28%   |
+-------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)  |8,508|9,808|-13%  |66,054|60,125|10%   |
+-------------------+-----+-----+------+------+------+------+
|Total Volvo        |8,616|9,959|-13%  |67,274|61,080|10%   |
+-------------------+-----+-----+------+------+------+------+

 Mack

Deliveries for Mack in July totaled 1,988 vehicles, a 16% increase compared with
July 2013.

Deliveries by market area:

+-----------------+-----+-----+------+------+------+------+
|Delivered Units  |July       |Change|Year-to-date |Change|
+-----------------+-----+-----+------+------+------+------+
|Mack             |2014 |2013 |      |2014  |2013  |      |
+-----------------+-----+-----+------+------+------+------+
|Europe           |     |     |      |      |1     |-100% |
+-----------------+-----+-----+------+------+------+------+
|   Western Europe|     |     |      |      |1     |      |
+-----------------+-----+-----+------+------+------+------+
|   Eastern Europe|     |     |      |      |      |      |
+-----------------+-----+-----+------+------+------+------+
|North America    |1,825|1,564|17%   |13,190|10,711|23%   |
+-----------------+-----+-----+------+------+------+------+
|South America    |77   |88   |-13%  |446   |1,218 |-63%  |
+-----------------+-----+-----+------+------+------+------+
|Asia             |2    |5    |-60%  |5     |12    |-58%  |
+-----------------+-----+-----+------+------+------+------+
|Other markets    |84   |58   |45%   |580   |529   |10%   |
+-----------------+-----+-----+------+------+------+------+
|Total Mack       |1,988|1,715|16%   |14,221|12,471|14%   |
+-----------------+-----+-----+------+------+------+------+
|                 |     |     |      |      |      |      |
+-----------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)|1,988|1,715|16%   |14,221|12,471|14%   |
+-----------------+-----+-----+------+------+------+------+
|Total Mack       |1,988|1,715|16%   |14,221|12,471|14%   |
+-----------------+-----+-----+------+------+------+------+

 Renault Trucks

In July 3,232 trucks were delivered by Renault Trucks. The deliveries of heavy
duty trucks declined by 15% to 1,597 trucks in July compared with the year
-earlier month while deliveries of light duty trucks increased to 1,344 trucks,
up by 14%.

Deliveries by market area:

+--------------------+-----+-----+------+------+------+------+
|Delivered Units     |July       |Change|Year-to-date |Change|
+--------------------+-----+-----+------+------+------+------+
|Renault Trucks      |2014 |2013 |      |2014  |2013  |      |
+--------------------+-----+-----+------+------+------+------+
|Europe              |2,662|2,889|-8%   |16,789|18,802|-11%  |
+--------------------+-----+-----+------+------+------+------+
|   Western Europe   |2,386|2,656|-10%  |14,958|17,361|-14%  |
+--------------------+-----+-----+------+------+------+------+
|   Eastern Europe   |276  |233  |18%   |1,831 |1,441 |27%   |
+--------------------+-----+-----+------+------+------+------+
|North America       |7    |18   |-61%  |75    |74    |1%    |
+--------------------+-----+-----+------+------+------+------+
|South America       |45   |67   |-33%  |452   |483   |-6%   |
+--------------------+-----+-----+------+------+------+------+
|Asia                |122  |212  |-42%  |2,218 |1,293 |72%   |
+--------------------+-----+-----+------+------+------+------+
|Other markets       |396  |446  |-11%  |2,879 |2,807 |3%    |
+--------------------+-----+-----+------+------+------+------+
|Total Renault Trucks|3,232|3,632|-11%  |22,413|23,459|-4%   |
+--------------------+-----+-----+------+------+------+------+
|                    |     |     |      |      |      |      |
+--------------------+-----+-----+------+------+------+------+
|Light duty (< 7t)   |1,344|1,175|14%   |7,565 |6,716 |13%   |
+--------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t) |291  |572  |-49%  |2,314 |3,971 |-42%  |
+--------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)   |1,597|1,885|-15%  |12,534|12,772|-2%   |
+--------------------+-----+-----+------+------+------+------+
|Total Renault Trucks|3,232|3,632|-11%  |22,413|23,459|-4%   |
+--------------------+-----+-----+------+------+------+------+

UD Trucks

In July 2014, UD Trucks delivered 1,574 trucks, which was a decrease by 1%
compared to July last year.

Deliveries by market area:

+-------------------+-----+-----+------+------+------+------+
|Delivered Units    |July       |Change|Year-to-date |Change|
+-------------------+-----+-----+------+------+------+------+
|UD Trucks          |2014 |2013 |      |2014  |2013  |      |
+-------------------+-----+-----+------+------+------+------+
|North America      |13   |11   |18%   |42    |211   |-80%  |
+-------------------+-----+-----+------+------+------+------+
|South America      |12   |35   |-66%  |235   |92    |155%  |
+-------------------+-----+-----+------+------+------+------+
|Asia               |1,037|1,161|-11%  |9,490 |7,372 |29%   |
+-------------------+-----+-----+------+------+------+------+
|Other markets      |512  |386  |33%   |2,803 |2,614 |7%    |
+-------------------+-----+-----+------+------+------+------+
|Total UD Trucks    |1,574|1,593|-1%   |12,570|10,289|22%   |
+-------------------+-----+-----+------+------+------+------+
|                   |     |     |      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Light duty (< 7t)  |162  |143  |13%   |866   |737   |18%   |
+-------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t)|635  |646  |-2%   |5,102 |4,327 |18%   |
+-------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)  |777  |804  |-3%   |6,602 |5,225 |26%   |
+-------------------+-----+-----+------+------+------+------+
|Total UD           |1,574|1,593|-1%   |12,570|10,289|22%   |
+-------------------+-----+-----+------+------+------+------+
|                                      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Non-consolidated operations           |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|DVT (100%)         |8    |10   |-20%  |37    |145   |-74%  |
+-------------------+-----+-----+------+------+------+------+
|Total volumes      |1,582|1,603|-1%   |12,607|10,434|21%   |
+-------------------+-----+-----+------+------+------+------+

 Eicher*

Eicher delivered 2,469 trucks in July which is approximately the same amount of
trucks delivered in July 2013.

Deliveries by market area:

+-------------------+-----+-----+------+------+------+------+
|Delivered Units    |July       |Change|Year-to-date |Change|
+-------------------+-----+-----+------+------+------+------+
|Eicher (100%)      |2014 |2013 |      |2014  |2013  |      |
+-------------------+-----+-----+------+------+------+------+
|Asia               |2,469|2,437|1%    |17,745|20,026|-11%  |
+-------------------+-----+-----+------+------+------+------+
|Total Eicher       |2,469|2,437|1%    |17,745|20,026|-11%  |
+-------------------+-----+-----+------+------+------+------+
|                   |     |     |      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Light duty (< 7t)  |394  |320  |23%   |2,920 |2,686 |9%    |
+-------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t)|1,466|1,575|-7%   |10,229|13,040|-22%  |
+-------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)  |609  |542  |12%   |4,596 |4,300 |7%    |
+-------------------+-----+-----+------+------+------+------+
|Total Eicher       |2,469|2,437|1%    |17,745|20,026|-11%  |
+-------------------+-----+-----+------+------+------+------+

*As of 2013 Eicher is reported under the equity method and consequently sales
and deliveries are not consolidated in to the Volvo Group.

August 21, 2014

Reporters, who would like more information, please contact:

Volvo Group Media Relations:
Kina Wileke, +46 31 323 72 29

Truck brands:
Renault Trucks, Fabrice Piombo, +33 472961220
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 80 40 64 92 33

Investor Relations:
Christer Johansson, AB Volvo +46 31 661334
Patrik Stenberg, AB Volvo +46 31 661336
Anders Christensson, AB Volvo +46 31 661191

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews

The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 110,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2014 the Volvo Group’s sales
amounted to about SEK 270 billion. The Volvo Group is a publicly-held company
headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic
Exchange Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your mobile phone.

AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 08.30 a.m August 21, 2014.

Attachments

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