STOCKHOLM -- Vehicle deliveries by Sweden's Volvo rose 29 percent in January and February due to strong demand in key its North American and European markets, the world's second biggest truck maker said on Thursday.
Volvo delivered 33,508 trucks in the period, up from 25,990 a year earlier.
"Deliveries remained high during the first two months of the year, particularly in North America, where we posted a full 66 percent increase," CEO Leif Johansson said in a statement.
"We are working continually with streamlining our production in North America to cope with the high demand."
The Volvo group includes vehicles sold under its own name as well as the Renault and Mack brands, following its acquisition of France's Renault VI in 2001.
Deliveries of its Volvo Trucks brand rose 31 percent while those of its U.S. Mack brand increased 70 percent. Renault Trucks deliveries rose 14 percent.
The firm, which also makes buses and construction equipment, said order bookings for its truck operations rose 35 percent in the past 12 months compared with the preceding year.