Daimler tipped for success

The positive trend in the commercial vehicle sector, which last year had to cope with an average sales decline of 50 percent; has now been confirmed in the figures from Daimler Trucks for the third quarter of 2010.

Compared to the result posted for the same quarter last year, Daimler Trucks’ sales increased by 44 percent to 94,800 units.

By the end of September 2010, total sales at Daimler Trucks were up by 34 percent to 249,000 units, compared to the total sales of 185,600 units in the same period of last year.

Daimler Trucks also expects the global truck markets to see further recovery by the end of the year. It forecasts market growth of five percent in Europe, ten to 15 percent in the NAFTA region, 50 percent in Brazil, and between 20 and 30 percent in Japan.

Andreas Renschler explained the prospects for Daimler Trucks and Daimler Buses before an audience of analysts and investors in Wörth, Germany, “The forecasts indicate that the worldwide markets for medium-duty and heavy-duty trucks will grow by eight percent to 2.6 million units in the period between 2010 and 2013. At Daimler Trucks it looks like we will succeed in boosting sales by more than 40 percent to over 500,000 units during the same period. Given this outlook, a return on sales of eight percent is within reach for Daimler Trucks across the entire business cycle.”

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