Accounting policy

Sources of estimation uncertainty

Hard and soft products
The Volvo Group’s product range is divided into hard and soft products. The sale of new vehicles, machinery and engines comprise hard products. Soft products include all products and services apart from the sale of new and used vehicles, machinery and engines and some extended product offerings, that are sold to customers to provide the customer with an enhanced experience and greater satisfaction.

Refer to World-class services for more information about the Volvo Group’s services.

Refer to Note 6 for information regarding net sales by product and market.