Volvo Group reported a 10% decline in overall truck sales in Q1, largely due to increased tariff uncertainty following recent U.S. trade policies. North American retail truck sales fell 13%, prompting a revised sales forecast for heavy-duty trucks in 2025, now set at 275,000 units. The company noted that U.S. buyers are hesitant to purchase new trucks amid tariff concerns and potential regulatory changes affecting emissions standards. To address these challenges, Volvo plans to adjust its supply chain and production levels, and it is preparing for layoffs at its Pennsylvania and Maryland facilities.

Source: https://www.supplychaindive.com/news/volvo-group-truck-sales-us-tariff/746417/