Illustration for article titled Volvo Trucks Posts 99.7% Decline In Euro Truck Orders Over Last Quarter

One of the behemoths of the global heavy trucking industry, Volvo Trucks, has reported a truly shocking decline in sales for the third quarter of this year. Volvo claims a 99.7% reduction in demand compared to the same period a year ago. That means orders went from 41,970 trucks in the third quarter of 2007 to just 115 in the third quarter of 2008. No, that's not a typo, one hundred fifteen trucks on order across Europe. Global sales for Volvo have declined 55% and its partners Scania, Renault and Mack are reporting sharp declines in orders as well. Ladies and gentlemen, if you ever wanted an indication of what things may come, this may be the strongest one we've seen yet. Financiapocalype, ho! [ThisIsMoney]

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