Improved truck sales help Daimler financials

Second quarter 2018 financial results for Daimler released

daimler trucks global models

Despite a dip in car sales numbers, things are going pretty well for Daimler, thanks in no small way to the performance of Daimler Trucks.

The German auto giants have reported a healthy €40.8 billion revenue in the second quarter of 2018.

That total, about 65 billion Australian dollars, represents around a 2% increase on the same period last year.

Daimler AG delivered a total of 833,000 vehicles in the quarter, a total up 1% on the same period in 2017.

Car sales went backwards – a 1% dip in total global sales was absorbed by a lift in commercial vehicle and truck division sales.

Mercedes-Benz Vans enjoyed record sales (thanks in part to the arrival of the new Mercedes-Benz X-Class ute).

While Daimler Trucks, incorporating the Mercedes-Benz, Freightliner and Fuso brands, delivered 123,900 vehicles in the period.

That total, helped along by strong sales of the new Freightliner Cascada in North America, was 6% higher than in the second quarter of last year.

While Daimler reported a dip in earnings from the Mercedes-Benz Bus division.

Dieter Zetsche, Chairman of the Board of Management of Daimler AG, says the second quarter of 2018 provided some challenges to the group.

“We plan to further strengthen and expand our position with numerous new models and technologies.

“We are focusing on innovative technologies, at the same time, we are using Project Future to shape our company for a sustainable and successful future.

“In this way, Daimler is optimally positioning itself for the future in terms of technology, culture and structure.”

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About Joel Helmes 1677 Articles
Joel is the founder and CEO of Heavy Vehicles. With more than 20 years experience in the media, including more than 10 years heading up the car publication - Behind the Wheel, Joel is passionate about bringing a fresh perspective to the Australian road transport industry. Prior to his media career Joel worked for a number of years as a bus, truck and delivery driver.

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