Volvo's Q3 Saw 8% Drop In Net Order Intake To 43,234 Trucks, With Deliveries Down 16% To 46,266 Units
Portfolio Pulse from Benzinga Newsdesk
Volvo's Q3 results show an 8% drop in net order intake to 43,234 trucks and a 16% decrease in deliveries to 46,266 units. Heavy-duty truck deliveries fell by 9%, medium-duty by 21%, and light-duty by 61%.
October 18, 2024 | 5:47 am
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Volvo reported an 8% decline in net order intake and a 16% drop in deliveries for Q3, with significant decreases across all truck categories.
The decrease in both net order intake and deliveries indicates a potential slowdown in demand or operational challenges, which could negatively impact Volvo's short-term stock performance.
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