Volvo Truck deliveries drop 67pc

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Volvo Trucks has reported a 67 per cent fall in deliveries during April 2009 compared with April 08.

Europe was hit by a 73 per cent fall in deliveries, and in North America they fell 75 per cent.

The company said: “The utilisation rate in the operators’ truck fleets has decreased, and the truck industry as a whole has too high inventories of both new and used trucks.

“This will continue to impact the production of new trucks in the coming months with a very low capacity utilisation in the industrial system as a consequence.

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