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Daimler Truck Q2 vehicle sales rise 8% on North America demand

Created at 8 Jul · 8:12 AM1 source↑ Market-relevant
IN SHORT

Daimler Truck reported an 8% increase in second-quarter vehicle sales, selling 86,707 units compared to 80,607 a year earlier. The recovery in demand from its North American business was a key driver for the improved performance.

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Key Numbers

8%increase in Q2 group vehicle sales
86,707units sold in Q2
80,607units sold in Q2 2024
8%rise in Trucks North America sales
41,687units sold by Trucks North America
€11.8 billionIndustrial Business revenue
€1.12 billionadjusted Group EBIT
9.3%adjusted ROS in Industrial Business
12.9%adjusted ROS for Trucks North America
5.9%adjusted ROS for Mercedes-Benz Trucks
10.0%adjusted ROS for Daimler Buses
5.4%profit margin for Trucks Asia
1,232battery-electric trucks and buses sold

Who's Involved

Daimler Truck
reported an 8% increase in second-quarter group vehicle sales
Karin Rådström
CEO of Daimler Truck, commented on strong performance
Daimler Truck Q2 vehicle sales rise 8% on North America demand

↳ Why This Matters

The results indicate Daimler Truck's resilience amidst macroeconomic challenges, with a notable recovery in its key North American market and improved profitability across its segments, signaling a positive operational trend for the company.

Key facts

  • Daimler Truck reported an 8% increase in second-quarter group vehicle sales.
  • The company sold 86,707 units in Q2, up from 80,607 units in the prior year.
  • Sales in Trucks North America increased by 8% to 41,687 units.
  • Revenue for the Industrial Business was €11.8 billion, with adjusted Group EBIT at €1.12 billion.
  • Battery-electric truck and bus sales (ZEVs) reached 1,232 units.

Daimler Truck reported an 8% increase in second-quarter group vehicle sales, driven by a recovery in demand from its North American operations. The company sold 86,707 units in the second quarter, up from 80,607 units in the same period last year. Sales at its Trucks North America business saw an 8% rise, reaching 41,687 units.

Despite ongoing macroeconomic uncertainties, Daimler Truck maintained strong profitability. The Industrial Business revenue stood at €11.8 billion, with adjusted Group EBIT at €1.12 billion. The adjusted return on sales (ROS) in the Industrial Business remained stable at 9.3%. Trucks North America reported a strong adjusted ROS of 12.9%, while Mercedes-Benz Trucks improved its profitability to 5.9%. Daimler Buses achieved an adjusted ROS of 10.0%, and Trucks Asia increased its profit margin to 5.4%.

Group unit sales of battery-electric trucks and buses (ZEVs) significantly increased to 1,232 units. Overall incoming orders for the Group totaled 88,241 units, reflecting market uncertainty, particularly in North America, though Mercedes-Benz Trucks saw increased orders.

Frequently asked questions

Daimler Truck sold a total of 86,707 units in the second quarter.

The North American arm of Daimler Truck experienced a recovery in demand, contributing to the overall sales increase.

The Industrial Business revenue was €11.8 billion.

Group unit sales of battery-electric trucks and buses (ZEVs) significantly increased to 1,232 units.

What Happens Next

01Daimler Truck will continue to focus on navigating market dynamics and uncertainties in the second half of the year.

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Cadence

How It Developed

Daimler Truck reported an 8% increase in second-quarter group vehicle sales.
The company sold 86,707 units in the second quarter, up from 80,607 units a year prior.
Sales at its Trucks North America business rose 8% to 41,687 units.
Daimler Truck's Industrial Business revenue was €11.8 billion, with adjusted Group EBIT of €1.12 billion.
Group unit sales of battery-electric trucks and buses (ZEVs) increased to 1,232 units.

Sources

T1
Daimler Truck Q2 vehicle sales rise 8% as North America demand recoversReuters
T2
PDF Daimler Truck delivers strong performance in Q2daimlertruck.com
T2
Daimler Truck delivers strong performance in Q2daimlertruck.com

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