The Swedish manufacturer projects North American truck demand will decline to 250,000 units next year as customers navigate economic uncertainty. European markets are expected to demonstrate stronger performance despite challenging conditions.
Market Outlook Shifts for Heavy Truck Sector
According to recent reports from Volvo, the North American truck market is expected to experience a moderate downturn next year as economic headwinds continue to challenge the freight industry. Sources indicate the company is forecasting an overall market of approximately 250,000 trucks for the coming year, representing a decline from the projected 265,000 units expected in 2025.