Truck deliveries in February 2015


Deliveries from the Volvo Group’s truck operations in February 2015 amounted to
15,456 vehicles. This was a decrease of 1% compared with the year-earlier
month.
Volvo Group

Deliveries in North America increased by 32% in February thanks to a
continuously high demand due to fleet renewal and a good economic development in
general. Deliveries in Europe increased by 13%, the increase was mainly due to
higher deliveries of Renault Trucks (+35%). Deliveries declined by 73% in South
America, primarily due to lower deliveries in Brazil where a slow economic
development combined with more stringent financing terms for buying trucks has
significantly reduced demand. In Asia truck deliveries decreased by 9%.

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

Delivered trucks                 February   Change            Year to  Change
                                              in %               date    in %
Volvo Group                 2015     2014               2015     2014
Europe                     6,378    5,654     13      11,525   10,737     7
Western Europe             5,352    4,290     25       9,661    8,240    17
Eastern Europe             1,026    1,364    -25       1,864    2,497   -25
North America              5,146    3,896     32       9,899    8,074    23
South America                672    2,505    -73       1,213    4,085   -70
Asia                       2,190    2,406     -9       4,108    4,263    -4
Other markets              1,070    1,228    -13       1,782    2,142   -17
Total trucks - Volvo      15,456   15,689     -1     28,527    29,301    -3
Group

Heavy duty (>16 tons)     13,075   13,740     -5     24,114    25,702    -6
Medium duty (7-16 tons)    1,107    1,035      7       2,105    2,032     4
Light duty (               1,274      914     39       2,308    1,567    47
Total trucks - Volvo      15,456   15,689     -1     28,527    29,301    -3
Group

Non-consolidated
operations (100%)
VE Commercial Vehicles     2,541    2,301     10       5,030    4,475    12
(Eicher)
Dongvo (Hangzhou) Truck        8        2    300          14        2   600
Company (UD)
Dongfeng Commerical        9,938        -        -     9,938        -       -
Vehicle Company
(Dongfeng)*
Total trucks - non        12,487    2,303    442     14,982     4,477   235
-consolidated
operations

Heavy duty (>16 tons)      7,488      647  1,057       8,180    1,145   614
Medium duty (7-16 tons)    4,717    1,238    281       6,165    2,530   144
Light duty (                 282      418    -33         637      802   -21
Total trucks - non        12,487    2,303    442     14,982     4,477   235
-consolidated
operations
Total trucks deliveries  27,943    17,992     55     43,509    33,778    29
* As of February 2015

Delivered trucks                 February   Change            Year to  Change
                                              in %               date    in %
Volvo Trucks                2015     2014               2015     2014
Europe                     3,541    3,558     -0       6,463    6,932    -7
Western Europe             2,711    2,427     12       4,972    4,899     1
Eastern Europe               830    1,131    -27       1,491    2,033   -27
North America              3,128    2,412     30       5,861    4,845    21
South America                558    2,367    -76         993    3,876   -74
Asia                         919      964     -5       1,630    1,729    -6
Other markets                417      553    -25         640      905   -29
Total Volvo Trucks         8,563    9,854    -13     15,587    18,287   -15

Heavy duty (>16 tons)      8,341    9,705    -14     15,208    17,991   -15
Medium duty (7-16 tons)      222      149     49         379      296    28
Light duty (                   -        -        -         -        -       -
Total Volvo Trucks         8,563    9,854    -13     15,587    18,287   -15

Delivered trucks                 February   Change            Year to  Change
                                              in %               date    in %
UD Trucks                   2015     2014               2015     2014
Europe                         -        -        -         -        -       -
    Western Europe             -        -        -         -        -       -
    Eastern Europe             -        -        -         -        -       -
North America                 15        3    400          27        9   200
South America                 17       32    -47          32       40   -20
Asia                       1,147    1,247     -9       2,216    2,279    -4
Other markets                291      342    -15         543      597    -9
Total UD Trucks            1,470    1,624    -10       2,818    2,925    -4

Heavy duty (>16 tons)        909      934     -3       1,683    1,578     5
Medium duty (7-16 tons)      509      597    -15       1,035    1,154   -10
Light duty (                  52       93    -44         100      193   -48
Total UD Trucks            1,470    1,624    -10       2,818    2,925    -4

Delivered trucks                 February   Change            Year to  Change
                                              in %               date    in %
Renault Trucks              2015     2014               2015     2014
Europe                     2,837    2,096     35       5,062    3,805    33
Western Europe             2,641    1,863     42       4,689    3,341    40
Eastern Europe               196      233    -16         373      464   -20
North America                  8        4    100          29       10   190
South America                 21       44    -52          30       78   -62
Asia                         104      195    -47         242      255    -5
Other markets                303      250     21         492      526    -6
Total Renault Trucks       3,273    2,589     26       5,855    4,674    25

Heavy duty (>16 tons)      1,675    1,479     13       2,956    2,718     9
Medium duty (7-16 tons)      376      289     30         691      582    19
Light duty (               1,222      821     49       2,208    1,374    61
Total Renault Trucks       3,273    2,589     26       5,855    4,674    25

Delivered Trucks                 February   Change            Year to  Change
                                              in %               date    in %
Mack Trucks                 2015     2014               2015     2014
Europe                         -        -        -         -        -       -
Western Europe                 -        -        -         -        -       -
Eastern Europe                 -        -        -         -        -       -
North America              1,995    1,477     35       3,982    3,210    24
South America                 76       62     23         158       91    74
Asia                          20        -        -        20        -       -
Other markets                 59       83    -29         107      114    -6
Total Mack Trucks          2,150    1,622     33       4,267    3,415    25

Heavy duty (>16 tons)      2,150    1,622     33       4,267    3,415    25
Medium duty (7-16 tons)        -        -        -         -        -       -
Light duty (                   -        -        -         -        -       -
Total Mack Trucks          2,150    1,622     33       4,267    3,415    25

March 19, 2015

Reporters, who would like more information, please contact:

Volvo Group Media Relations:
Kina Wileke, +46 765 537229

Investor Relations:
Christer Johansson, AB Volvo +46 31 661334
Patrik Stenberg, AB Volvo +46 31 661336
Anders Christensson, AB Volvo +46 31 661191
John Hartwell, AB Volvo +1 201 252 8844

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 100,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2014 the Volvo Group’s sale
amounted to about SEK 283 billion (EUR 31 billion). The Volvo Group is a
publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed
on Nasdaq 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 March 19, 2015.

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