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Today: April 24, 2025
Today: April 24, 2025

Daimler Truck Q1 sales 8% lower on weaker demand in North America

FILE PHOTO: Trucks at the IAA Transportation fair in Hanover
April 08, 2025
Reuters - Reuters

(Reuters) - Daimler Truck on Tuesday reported an 8% drop in first-quarter sales citing declining demand in North America and Mercedes-Benz Trucks units.

The company - one of the world's biggest truckmakers - said it sold 99,812 vehicles in the first quarter, compared with 108,911 a year earlier.

Sales of the Trucks North America and Mercedes-Benz Trucks segments fell 16% and 18%, respectively, while Trucks Asia saw an increase of 16%.

Peer Traton said on Monday it expected the North American truck market to shrink by close to 10% even before accounting for the impact from U.S. tariffs or a possible recession.

(Reporting by Amir Orusov, Editing by Friederike Heine)

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