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Volvo, the world’s second-largest truck automaker, announced that Volvo’s global sales in October fell 12% year-on-year.
In October, Volvo’s sales in Europe fell the most, reaching 28%. During the same period, Volvo’s US sales fell 26% year-on-year.
The largest Volvo Truck Company in the Volvo Group believes that European consumers are still very "cautious" due to the uncertainty of future economic development. The company announced that since the third quarter, orders in the European market began to gradually decline, new orders fell sharply, and even a large number of orders identified in the previous period have also been largely canceled.
In recent months, with the spread of the global financial crisis, truck manufacturers in Europe and the United States have suffered a decline in market demand. In addition to Volvo, Renault, Nissan Diesel and American Mark, and other world-renowned truck manufacturers have experienced different degrees of decline in sales in their respective markets.
The Swedish Volvo Truck is one of the world's leading brands of heavy trucks and is known for its driving comfort and safety.