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VW's Traton posts 10% drop in Q1 sales on challenging market environment
By Amir Orusov
(Reuters) -Volkswagen's truck unit Traton reported a 10% drop in first-quarter deliveries on Wednesday, citing a challenging market environment.
The company said it sold 73,100 trucks and buses in the first quarter, compared with 81,100 a year earlier.
"The U.S. market is continuing to suffer from a low transportation activity," the company said in a statement, adding market uncertainties caused by the possible impact of tariffs had a negative effect on first-quarter deliveries.
JP Morgan said ahead of the release that it expected weaker U.S. order intake for truck makers to persist in the second quarter, regardless of the outcome of the tariff negotiations.
The broker also expected lower order intake to persist as the third quarter tends to mark the seasonal summer shutdown.
"This lower overall activity would likely mean heavy truck demand in (North America) moving from 2025 into 2026," JP Morgan added.
On Tuesday, peer Daimler Truck said its sales of the Trucks North America segments fell 16%.