AB Volvo data for July 2015: what might follow this average month?

AB Volvo has released data for truck deliveries made during July. In total, the four brands contained within the group – Volvo Trucks, Renault Trucks, Mack and UD Trucks delivered 15,550 units, a sequential decline of 23.8% on the 20,395 units delivered during June, but a 0.9% year-on-year improvement over the 15,410 units delivered during July 2014. On a long-term basis, that which we term the Registration Rate – namely the percentage of vehicles delivered within the current month as a percentage of the ten-year long-term average – is negative at 89.4%.