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. As from January 1, 2012 hard products also include sale of used vehicles and machines, trailers, superstructures and special vehicles. As from January 1, 2012 Soft products include services and aftermarket products.

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.