Volvo reports record year for 2022

People working on a heavy-duty assembly line.

Volvo Trucks says it delivered an all-time high number of trucks to customers 145,195 — in 2022. That's an increase of 19 percent from 2021. It also increased market share in the heavy truck segment in 41 markets globally. 

"We have had a fantastic year, considering the uncertain and difficult times we live in," says Roger Alm, president of Volvo Trucks. "Despite supply chain shortages and disturbances in production, we managed to increase our volumes significantly and get the trucks out to our customers, so that they can grow and improve their business. This is thanks to our close collaboration with our suppliers as well as the hard work done in our own organization and at our dealers." 

The company increased shares in North America to 10.8 percent and is also up to its highest-ever share in Europe, 18.2 percent. It became the market leader in Brazil (24.6 percent) for the first time ever. 

"We have successfully launched new products and services during the year, and we have sold vehicles to many new customers, too," Alm says. "The feedback we get from customers is that they really appreciate and value our high quality and fuel-efficient trucks, and also the professional and rapid support they get from our extensive dealer and workshop network. All of these factors contribute to their own profitability." 

Volvo began production of heavy-duty electric trucks last year. 

"Many of our customers, both in Europe and in many other markets, have started the shift to electric during the year," Alm says. "They clearly see that zero-tailpipe emissions transport is an increasing and exciting business opportunity. I'm very confident that this trend will continue and rapidly grow stronger in the coming years." 

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