Daimler Truck Sales Update

Daimler Truck (ETR:DTGGe) shares fell on Wednesday after the company reported a decline in third-quarter 2024 sales compared to the same period last year.

Key Sales Figures

The company sold 114,917 trucks and buses, down from 128,861 units in Q3 2023, indicating weaker demand in key markets.

Segment Performance

• Mercedes-Benz Trucks: Sold 28,688 units, down from 40,077 units last year.
• Trucks Asia: Sold 32,245 units, down from 38,052 units in Q3 2023.

These declines overshadowed gains in other divisions.

North American Market

The Trucks North America division reported improved sales of 49,176 units, up from 47,249 the previous year, but this increase couldn't counteract the overall slump.

Electrification Progress

Daimler’s battery-electric vehicle (BEV) sales rose slightly, with 666 electric trucks sold in Q3, up from 491 units in Q3 2023. This segment remains a small part of the overall portfolio.

Bus Segment

The bus division, Daimler Buses, also saw lower sales, with 6,677 units sold, down from 6,789 units in the same quarter last year.