• ITVI.USA
    15,909.400
    -330.930
    -2%
  • OTLT.USA
    2.776
    0.014
    0.5%
  • OTRI.USA
    21.610
    -0.170
    -0.8%
  • OTVI.USA
    15,915.300
    -318.010
    -2%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
  • ITVI.USA
    15,909.400
    -330.930
    -2%
  • OTLT.USA
    2.776
    0.014
    0.5%
  • OTRI.USA
    21.610
    -0.170
    -0.8%
  • OTVI.USA
    15,915.300
    -318.010
    -2%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
NewsTrucking

Volvo stops selling Class 8 trucks in Mexico

Volvo Trucks’ wholesale Mexico sales plummeted 46% during the first 10 months of 2020

Volvo Trucks North America said Monday it has discontinued the sale of Class 8 trucks in Mexico, citing the economic disruption caused by the COVID-19 pandemic.

“The global business scenario has changed significantly. In that context, Volvo Trucks has conducted a deep analysis of its business strategy and decided to discontinue sales of its full tract truck portfolio in Mexico,” Volvo Trucks de México said on its Facebook page. “We will continue with maintenance and distribution through our network of Volvo dealerships stronger than ever. Our sister brand, Mack Trucks, will keep selling its current product portfolio.”

The discontinuation of sales applies only to Volvo’s three models of Class 8 trucks, which have three or more axles and are imported from the United States, Alejandro Gonzalez, a spokesman for Volvo Trucks de México, told Reuters.

Volvo Trucks Corp. (OTCMKTS: VLVLY) is a global truck manufacturer based in Gothenburg, Sweden, and owned by AB Volvo. Mack Trucks Inc. is part of Volvo.

Volvo Trucks’ wholesale sales plummeted 46% during the first 10 months of 2020, according to Mexico’s National Institute of Statistics and Geography.

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Noi Mahoney

Noi Mahoney is a Texas-based journalist who covers cross-border trade, logistics and supply chains for FreightWaves. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as journalist, working for newspapers in Florida, Maryland and Texas. Contact nmahoney@freightwaves.com

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