Traton Group Reports Sharp Gains in 2021 Sales, Orders
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The Traton Group reported sharp increases in its unit sales and incoming orders for commercial vehicles in 2021 compared with 2020 despite the continuing influence of the COVID-19 pandemic and the difficulties in the supply of semiconductors.
The Munich-based company noted all of the group’s brands contributed to this success including trucks, buses and MAN TGE vans.
“2021 was a very challenging year, primarily as a result of the supply chain shortages. Thanks to maintaining close ties with our suppliers and the determined dedication of our purchasers, we have been relatively successful in getting to grips with the supply situation,” Traton CEO Christian Levin said in a release.
In 2021, #TRATONGROUP was able to increase its unit sales and incoming orders by more than a third. Despite the supply chain shortages, the incoming orders increased by 66% and the unit sales were up 43% on the previous year. Read more >> https://t.co/qUy4Qwbd5J#FinancialResults pic.twitter.com/lmVT0I6Y3c — TRATON GROUP (@TRATON_GROUP) January 17, 2022
“However, the bottlenecks are not over yet: being able to deliver products to our customers as quickly as possible continues to demand our full attention,” he added. “This is another area where the close collaboration between our brands will be of help. In light of this, my outlook for 2022 is optimistic.”
Traton appointed Levin CEO in October. Most recently, he was most CEO of Traton’s Scania brand.
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At 271,600 vehicles, unit sales worldwide were 43% higher compared with 190,200 in the 2020 period. Trucks were the main contributors to the increase with 230,500 vehicles sold, 47% more than in the previous year when sales were 156,400.
“Without taking into account the company’s U.S. subsidiary, Navistar, which was consolidated in the second half of 2021, the increase in unit sales would have amounted to 27%” the company noted in a release.
Meanwhile, orders increased 66% to 360,000 compared with 216,200 a year earlier.
Truck orders rose 68% to 305,700 compared with 182,400 a year earlier. MAN TGE vans saw growth of 66% to 32,000 compared with 19,200 in the 2020 period.
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Bus orders rose 52% to 22,200 compared with 14,600, according to the company, which noted this increase primarily was attributable to Navistar.
Navistar reported unit sales of 30,300 vehicles in the period from July to December with 25,100 trucks and 5,200 buses sold. Incoming orders came in at 42,600 vehicles.
Traton acquired Navistar on July 1, 2021, for $3.7 billion to gain access to the North American truck and bus market, the key profit center for commercial vehicle manufacturers, and to further its goal to be a “global champion.”
Traton’s brands include Scania, MAN, Volkswagen Caminhões e Ônibus, Navistar, and RIO.
Navistar’s Class 8 U.S. retail sales for December were 2,131 compared with 2,272 a year earlier, WardsAuto.com reported.