Volvo Expects North American Truck Market to Decline Next Year

By Dominic Chopping

STOCKHOLM--Volvo expects the North American truck market to be slightly lower next year as customers remain cautious, but Europe is expected to hold up better.

The Swedish truckmaker said the North American long-haul freight market remains in recession with lower freight volumes and freight prices. U.S. customers are taking a cautious stance as they also face continued uncertainty from tariffs and emissions rules.

President Trump last month announced a 25% tariff on all big trucks imported to the U.S., and though details remain scarce, it is creating overall demand uncertainty in the region, compounded by uncertainty over emissions proposals due to be implemented in 2027.

Volvo lowered its 2025 truck market forecast for North America by 10,000 trucks, but maintained its European forecast.

Looking to 2026, the company expects lower North American truck demand, targeting an overall market of 250,000 trucks versus the expected 265,000 in 2025. The European market is expected at 295,000 next year. That's an increase from the expected 290,000 in 2025.

Volvo reported a third quarter net profit of 7.54 billion Swedish kronor ($799.8 million) compared with 10.02 billion kronor a year earlier as sales fell 5.4% to 110.69 billion kronor.

Analysts polled by FactSet had expected a net profit of 8.62 billion kronor on sales of 111.19 billion kronor.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

October 17, 2025 02:18 ET (06:18 GMT)