The Volvo Group and North America-based Pilot Company have signed a Letter of Intent for the development of public, high-performing charging infrastructure for medium- and heavy-duty electric vehicles.The partners intend to enter a strategic...
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November 17, 2022, 07:05 AM
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Volvo Financial Services (VFS) announced it is investing in the teaching of financial literacy skills for youth in nine countries through a global partnership with Junior Achievement Worldwide. The partnership will see VFS employee volunteers join...
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September 08, 2022, 07:00 AM
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Beam Global, a leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced a partnership with Volvo Construction Equipment (Volvo CE) that...
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July 27, 2022, 07:14 AM
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The Volvo Group announced a $41 million investment in North Carolina’s Piedmont Triad to build a new global headquarters for Volvo Financial Services (VFS), and to purchase and expand the building housing its U.S. Uptime Center. The new VFS...
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February 23, 2022, 07:20 AM
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Performance Team – A Maersk Company, a warehousing and distribution company, has placed an order for 16 Volvo VNR Electric Class 8 trucks—the largest commercial order of the North American zero-tailpipe emission model to date. The VNR Electric model...
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September 07, 2021, 07:00 AM
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The Mobile Source Air Pollution Reduction Review Committee (MSRC), a committee of California’s largest transportation and clean air agencies and stakeholders, has awarded Volvo Financial Services (VFS) over $3.9 million dollars to help fund the...
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April 14, 2021, 07:10 AM
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It's amazing what can happen when companies come together to raise money for a great cause. To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier...
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February 28, 2020, 07:00 AM
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Class 8 same dealer used truck sales dropped by 17% last month following the unexpected climb in October, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Seasonal weakness is not...
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December 22, 2017, 08:10 AM
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Class 8 same dealer used truck sales volumes rose by two dozen units in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Long term, the outlook is positive, with volumes...
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October 27, 2017, 07:00 AM
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Class 8 same dealer used truck sales volumes gained some ground in August, following two consecutive months of declines, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Channel...
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September 27, 2017, 07:00 AM
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Class 8 same dealer used truck sales volumes continued to decline in July, falling 5% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Channel analysis indicates...
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August 28, 2017, 07:05 AM
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Class 8 same dealer used truck sales volumes slipped slightly in June, falling 3% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Channel analysis shows that...
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July 27, 2017, 07:04 AM
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Class 8 same dealer used truck sales volumes experienced an unexpected rebound in May, making up for last month’s decline, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “While...
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June 27, 2017, 07:00 AM
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Class 8 same dealer used truck sales volumes dropped in April, breaking a three-month run of double-digit gains, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. Total volumes for...
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May 26, 2017, 07:04 AM
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Class 8 same dealer used truck sales volumes continued to show strength in the closing month of the first quarter, increasing month-over-month with a third sequential double-digit rise, according to the latest release of the State of the Industry:...
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April 25, 2017, 07:00 AM
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Used Class 8 truck same dealer sales volumes improved for a second consecutive month in February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Total volumes were also higher...
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March 29, 2017, 07:00 AM
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Used Class 8 truck same dealer sales volumes started 2017 on a positive note, up markedly compared to a relatively weak January 2016. Somewhat uncharacteristically, sales also rose from December, marking a second consecutive month-over-month increase...
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March 02, 2017, 07:00 AM
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Used Class 8 truck same dealer sales increased again in November, recording a 1% month-over-month increase, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. Historically, November...
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December 23, 2016, 07:00 AM
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Used Class 8 truck same dealer truck sales fell 11% month-over-month in September. The drop reversed a growth trend that started in February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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October 27, 2016, 06:55 AM
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Used Class 8 truck same dealer sales volumes continued to show volatility in August, yet remained on a positive trend, including a 19% increase over July. Enhanced by the latter, long term comparisons show 2016 being off by only 2% year-to-date...
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September 26, 2016, 07:20 AM
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Used Class 8 truck same dealer sales volumes fell in July, posting an 8% m/m drop, following a double-digit m/m increase in June, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research....
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August 26, 2016, 07:00 AM
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Used Class 8 truck same dealer sales volumes swung upward in June, posting a double-digit month-over-month increase, following a sharp decline in May, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks...
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July 27, 2016, 07:06 AM
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Used Class 8 truck metrics continued to be mixed in February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“February Class 8 used truck volumes appeared to be getting an early...
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March 23, 2016, 07:00 AM
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Used Class 8 truck metrics continued to be mixed in December, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“December unit sales rebounded from November, but were flat...
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January 27, 2016, 07:00 AM
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Used Class 8 truck metrics continued to be mixed in October. Volumes shrank 3% m/m, despite longer term comparisons being stable, with volumes down a mere 1% y/y and the past nine months flat, relative to the same period in 2014, according to the...
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November 30, 2015, 07:04 AM
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Used Class 8 truck metrics were generally in line from June to July, with average age and miles up an incremental 1% each. Compared to last year, average prices were up 2% in July and 6% YTD, according to the latest release of the State of the...
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August 27, 2015, 07:00 AM
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Keeping with the flattening trend seen in age and mileage, average price also experienced a leveling off compared to April. YTD prices were up 8% from last year, with gains in line for ACT’s expectations of 5-10% growth in 2015.Total reported volumes...
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June 26, 2015, 07:03 AM
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Total reported volumes of used Class 8 trucks inched to 2,806 units in April, virtually unchanged month-over-month, but up 1 % year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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May 22, 2015, 06:57 AM
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Total reported volumes of used Class 8 trucks were flat in October, rising by 1% month over month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “The month over month gain came...
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December 01, 2014, 06:34 AM
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Total reported volumes of used Class 8 trucks rose 6% month over month and 4% year over year in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Year-to-date, sales...
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November 04, 2014, 07:05 AM
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The volume of used Class 8 trucks sold in July rose 2% above June’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Year-to-date, sales are down 5%, but the YTD...
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August 27, 2014, 06:00 AM
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The volume of used Class 8 trucks sold in June rose 10% above May’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“June’s performance was a little counterintuitive, given...
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July 28, 2014, 06:06 AM
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Scott Rafkin has been appointed President of Volvo Financial Services, VFS. He is currently the acting President of VFS, and was prior to that Chief Financial Officer, CFO, of the same company. Scott Rafkin has held various senior positions within...
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June 30, 2014, 06:50 AM
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The average selling price of total reported used Class 8 trucks continues to hold up better than expected, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“For the first ten months...
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November 27, 2013, 06:30 AM
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Martin Weissburg has been appointed new President of Volvo Construction Equipment, Volvo CE. Weissburg is currently President of the Volvo Group’s customer finance company, Volvo Financial Services, VFS, and a member of the Group Executive Team. He...
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November 19, 2013, 07:00 AM
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The average selling price of total reported Class 8 used trucks continued to hold up better than expected in August, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“For the first...
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September 25, 2013, 06:28 AM
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Volumes for used Class 8 trucks slipped slightly in May due to the retail market slowing 4% month over month. Auction and wholesale segments saw month over month gains. The update on the used market was reported in the latest release of the State of...
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June 26, 2013, 07:00 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the used truck market enjoyed a second consecutive month of improved volumes in March. The retail market was flat compared to...
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April 26, 2013, 06:07 AM
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The Trucker reported that sales of Class 8 trucks totaled 13,158, a drop of 27.4% from December 2012 and a 6.8% decline from January 2012.According to the report, only the Daimler nameplates — Freightliner and Western Star — showed sales increases...
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February 14, 2013, 07:00 AM
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After a brief hiatus in September, the used truck market appears to moving in the right direction, as Class 8 unit sales improved 6% month-over-month. The update on the used market was reported in the latest release of the State of the Industry: U.S....
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November 28, 2012, 07:03 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, September’s weak performance all but wiped out the gains that had been made in the used truck market the prior three months. “Class...
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October 29, 2012, 06:04 AM
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Volvo Construction Equipment reports that it has reduced production and inventory in its facilities along with inventories at its dealers in response to a drop in sales and an “uncertain outlook.”Volvo CE released its third quarter earnings report...
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October 25, 2012, 07:19 AM
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According to the Wells Fargo Equipment Finance Trucking Quarterly Report for Q3 2012, improved performance in new home construction should help support growth in the transportation industry during the second half of the year. The report states that...
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September 19, 2012, 07:34 AM
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The Trucker reported heavy-duty new truck sales have recorded the best August in six years, another in a string of comparatively good reports — even as the numbers shows signs of a plateau in the industry recovery.According to figures provided to The...
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September 14, 2012, 07:09 AM
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ACT Research noted all the month-over month comparisons – volume, price, miles, and age – for all weight groups of used trucks improved in July.“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back...
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August 29, 2012, 06:15 AM
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IronPlanet announced the addition of Sue McGregor as managing director for Canada. Sue will be responsible for expanding sales and operations in Canada, a key revenue growth market for IronPlanet.“Sue brings over 20 years of proven experience...
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August 22, 2012, 07:06 AM
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June used truck sales grew 8% over May, but lagged June 2011 and the first six months of 2011, while pricing appears to be slowing a little more rapidly than was previously expected. The update on the used market was reported in the latest release of...
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August 01, 2012, 06:12 AM
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The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month over month, but 3% above the average price in May 2011. On a year-to-date basis, prices remained 13% above last year’s pace. The update on the used...
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June 27, 2012, 07:00 AM
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Transport Topics reported Volvo AB’s North American truck deliveries rose 39% in April from a year ago. According to the report, sales for its Volvo and Mack brands improved to 4,712 trucks, from 3,388 a year ago, Sweden-based Volvo said in a...
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May 17, 2012, 07:00 AM
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Equipment World reported Volvo Construction Equipment experienced a strong first quarter in 2012, reporting a 17% rise in sales. According to the company, these positive results come despite a flat total world market for construction equipment...
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May 07, 2012, 06:30 AM
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ACT Research reported that in February, the performance differences between total vans and all other trailers was striking: net orders for total van trailers were off 32% month over month while all other trailers posted a gain of 31%. This update on...
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March 28, 2012, 07:00 AM
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Used Class 8 truck price appreciation was prevalent in January sales in the retail and wholesale channels. The sole weak spot was the month-over-month change in auction results. Strength in pricing is once again attributed to soft volumes. The update...
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February 28, 2012, 07:00 AM
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