Daimler: Q3/16 Truck Sales Off 24% Year/Year



In Q3/16, Daimler sold 754,100 cars and commercial vehicles worldwide, more than ever before in a third quarter and surpassing the total for the prior-year period by 5%.

In the first nine months of the year, the group’s unit sales increased by 6% to 2.2 million vehicles. The Daimler Group’s Q3/16 amounted to €38.6 billion ($41.98 billion), which is 4% higher than in Q3/15.

Daimler Trucks sold 97,100 vehicles in Q3/16, down 24.4% compared to 128,500 in Q3/15. Daimler said the decrease is the result of lower demand for trucks in many key markets. In the NAFTA region, unit sales by Daimler Trucks decreased to 31,400 units in a declining market. Q3/15 unit sales were 52,200. At the same time, the division succeeded in further extending its market leadership in Classes 6-8, taking 39.3% of the market, up from 38.1% in Q3/15.

Daimler Trucks delivered 3,500 units in a contracting market in Brazil, which is fewer than in Q3/15 (4,300). In the EU30 region (European Union, Switzerland and Norway), sales growth of 7% was achieved to 21,300 units. Daimler Trucks sold more vehicles than in the prior-year period also in Germany (+4%). In Turkey, the truck division was not immune to the difficult conditions and its sales decreased to 1,700 units in the third quarter compared to 4,500 in Q3/15. The fall in unit sales to 3,300 vehicles in the Middle East, compared to 9,700 in Q3/15, mainly caused the negative development in Asia.

In Japan, the region’s major market, sales of 11,700 units were at the level of the prior-year quarter. Sales in Indonesia amounted to 6,700 units, up from 6,700 compared to Q3/15. The joint venture in China achieved sales growth of 18% with Auman trucks, selling 16,900 vehicles.

In its outlook, Daimler said due to negative developments in many truck markets, Daimler Trucks assumes that unit sales in full-year 2016 will be significantly lower than in the previous year. Weaker development of demand for heavy-duty trucks in the NAFTA region will have a significant impact on sales.


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