Daimler Truck Financial Services originations rise 20.1%
North American unit sales climbed 51% YoY in Q3
Daimler Truck’s financial services originations increased in the third quarter as North American sales rebounded.
Daimler Truck Financial Services’ new business volume reached 2.9 billion euros ($3.3 billion), up 20.1% year over year, according to today’s earnings release from the German commercial vehicle manufacturer.
By the numbers
The financing arm reported in Q3:
- Penetration rate rose 160 basis points YoY to 25.7%; and
- Contract volume reached $34.3 billion at Sept. 30, up 0.8% from June 30, according to Daimler’s Q3 factbook.
Additionally, Daimler’s Q3 operating results included:
- Global unit sales increased 26.3% YoY to 91,260 vehicles;
- Global incoming orders rose 10.5% YoY to 71,168;
- North American unit sales climbed 51% YoY to 45,629 vehicles;
- North American incoming orders increased 12.2% YoY to 29,357; and
- Group revenue increased 19.2% YoY to $14 billion.
State of play
Daimler’s third-quarter results reflected continued business momentum and improved profitability while maintaining its focus on customers, President and Chief Executive Karin Radstrom said in the release.
Meanwhile, CFO Eva Scherer attributed strong cash generation to disciplined execution and said the company aims to sustain that performance through year-end, according to the release.
Daimler maintained its full-year 2026 guidance, including an industrial business adjusted return on sales of 7% to 9%, according to the release.
Editor’s note: All amounts have been converted to U.S. dollars.
Check out our exclusive industry data here.
Proud Member Of
Check Out Our Industry Event
