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.
