SWEDEN: Volvo sees truck market share rise in first quarter

Sweden's Volvo said on Thursday it expected its European markets share in trucks to rise to 17% in the first quarter of the year from around 14.5 from the fourth quarter, the head of Volvo Trucks said, according to Reuters. "We had a market share of around 17% in January and it seems like we'll remain there (for the quarter)," Jorma Halonen told Reuters.

By bcusack

Sweden’s Volvo said on Thursday it expected its European markets share in trucks to rise to 17% in the first quarter of the year from around 14.5 from the fourth quarter, the head of Volvo Trucks said, according to Reuters .

“We had a market share of around 17% in January and it seems like we’ll remain there (for the quarter),” Jorma Halonen told Reuters .

But he repeated the group’s outlook for a sales decline for the full year, Reuters said.

“The first quarter will be a bit stronger than usual, but towards the end of the year it will fall again. We have earlier said it will fall by 3% to 4% and there is no reason to change that view,” Halonen told Reuters .