Volvo - the second largest producer of trucks , boasts sales growth for the first time in the last two years. The increase in the number of trucks sold was most noticeable in Asia and South America and is happening for the first time since 2009. Unfortunately, the Swedish furniture company continues to lose ground to European and North American market for trucks.
According to most industry analysts, Volvo can serve as a benchmark for the state not only in the automotive market, but also the economy. During the month of February 2011, Volvo demonstrated sales growth of 11% compared to the same month of the year 2010. It turned out, however, that it is only thanks to markets in developing countries such as Brazil, India and China. The overall growth in sales of trucks in Asia is 71% and in South America - a record 84 percent.
Bad news for the Swedish manufacturer of cars and trucks is the poor performance of the company's strongest markets. Most problematic for the Volvo brand is the European market, where sales have fallen by as much as 27 percent last year. In North America, the decline is only 1%, but the information is still disappointing because the Swedes hoped to begin to restore their position in this market.
Volvo official spokesman said it is too early to celebrate, as the company has more problems awaiting their resolution. Despite the growth in sales of trucks on both continents, they are still at their lowest level in 10 years.
Volvo announced that during the month of February 2011 they nearly sold 12,000 trucks and buses, but despite the relatively good figures, the company continued to make losses over the past 15 months.
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