Tuesday, October 28, 2008

Volvo truck sales plunge from 41,970 to just 115 - a 99.7% fall

The next time someone tells you the worst is over
show them this...
The depth of the recession was revealed today as truckmaker Volvo admitted demand across the Continent has crashed by 99.7% as it took orders for just 115 new lorries in the last three months.

That compares to orders totalling 41,970 in the third quarter of 2007. Global orders for Volvo slumped 55% in the last three months while Scania, of which Volvo has majority control, said its western Europe truck orders collapsed by 69%.
Full article.