Volvo, Iveco, MAN, and Scania: sales up 39% in 2010 and 35% in 1st half 2011
Iveco and Scania develop engine that meets Euro VI, while Volvo launches heavy hybrid truck
In 2010, four commercial vehicle (CV) manufacturers in Europe, Volvo, Iveco, MAN, and Scania, increased their sales by about 39% from 2009, when their sales halved due to recession. In the January-June period of 2011, their sales continued to increase by about 35%. Volvo estimates that the scale of the 2011 heavy truck market will grow by 15-20% in Europe and will continue to be expanding in emerging markets such as Russia and Brazil. Concerning the 2011 revenues, Iveco forecasts a 13% increase and MAN 15-20%, while Scania estimates recovery to continue.
In Europe, a new emission regulations, Euro VI, will come into force starting in January 2014 for all medium-/heavy commercial vehicles. As part of its measure against the new regulation, Iveco announced an engine that meets Euro VI with urea SCR technology, while Scania unveiled an engine with urea SCR and EGR. Volvo launched a truck that runs on methane gas and diesel fuel and a heavy hybrid truck.
In increasingly important emerging markets, Volvo has won a contract for hybrid buses in Brazil while Iveco unveiled a new model in the medium segment in Brazil. MAN started production of trucks in Russia and will market a heavy truck in China under a new brand with Sinotruk.
In the meantime, Scania will boost production capacity of its truck plant in Sweden by 20% to 120,000 a year in order to prepare for an increase in demand in the future.
Volvo/Iveco/MAN/Scania: Sales volume, sales, and operating profit
|Total sales volume of |
Source: Four companies' Annual Report 2010, Interim Report Q2 2011
(Note) MAN is the CV division of the MAN Group. SEK stands for Swedish Krona. The exchange rate is about 0.11 Euro or 12 yen per 1 SEK as of late August 2011.
(Reference) Number of registered new medium/heavy duty CVs in Europe
|3.5t＜≦16t||18 Western European countries||404,615||406,216||255,691||259,388||32,779||37,790|
|New EU members||72,734||64,459||23,303||30,712||2,435||2,984|
|16t＜||18 Western European countries||289,599||291,012||172,432||176,335||71,289||104,330|
|New EU members||55,347||47,122||14,967||22,271||8,163||18,828|
|Total||18 Western European countries||694,214||697,228||428,123||435,723||104,068||142,120|
|New EU members||128,081||111,581||38,270||52,983||10,598||21,812|
|Source: ACEA (Association des Constructeurs Europeens d'Automobiles g.i.e.)|
|(Note) 1.||Eighteen Western European countries mean 15 original EU countries plus Norway, Switzerland and Iceland.|
|2.||New EU member countries are Czech Republic, Estonia, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Hungary, and Bulgaria.|
|3.||The data in January-June 2010/January-June 2011 do not include medium-sized/large buses. The number of registered medium-sized/large buses in Europe is 17,672 in January-June 2010 and 17,058 in January-June 2011.|
|4.||The global production of heavy trucks and buses (according to the OICA statistics) is introduced at the end of the Report for the readers' reference.|