Daimler Truck sales rise 1% in 2023

(Reuters) -Daimler Truck group sales grew by 1% in 2023 to 526,053 units, the German truck maker said on Monday, citing ongoing supply shortages in key regions.

Sales of electric vehicles rose more than threefold across the past 12 months, it added.

The Mercedes-Benz brand was the only outlier, seeing its sales decline by 5% year-on-year, caused by weak market developments in Brazil.

“We are very confident of achieving our financial ambitions for 2023,” CEO Martin Daum said in a press release.

Daimler Trucks is set to release its full-year results on March 1.

(Reporting by Tristan Veyet in Gdansk, editing by Linda Pasquini and Miranda Murray)