Daimler Truck reports 5% decline in Q2 sales; shares up

Published 07/07/2025, 10:06
© Reuters.

Investing.com -- Daimler Truck Holding (ETR:DTGGe) on Monday reported a 5% decline in second-quarter deliveries, with total unit sales falling to 106,715 from 112,195 a year earlier.

The drop was driven by weaker demand in the U.S., where Trucks North America posted a 20% decline to 38,580 units.

Despite the decline, shares in Daimler (ETR:MBGn) Truck rose 1% in Frankfurt trading after falling initially.  

Mercedes-Benz (OTC:MBGAF) Trucks sold 38,294 vehicles in the quarter, broadly flat from 38,481 in the same period last year.

Trucks Asia recorded a 13% increase in deliveries, rising to 26,443 units from 23,411. Daimler Buses also saw growth, with sales up to 7,027 units from 6,674.

For the first half of 2025, total group sales stood at 206,527 units, down from 221,106 in the same period a year earlier.

Last month, Daimler Truck and AB Volvo (OTC:VLVLY) joined forces to develop a software-defined vehicle platform in a bid to cut costs and reduce their reliance on hardware-dependent suppliers.

The new venture, named Coretura, will initially employ 50 people and aims to roll out its first connectivity platform in 2027.

The truckmakers are looking to create an "industry standard", Daimler Trucks CEO Karin Radstrom said.

Further deliveries are planned toward the end of the decade.

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