Volvo Raises Europe Truck Market Outlook on Improving Demand

Volvo AB said truck demand is improving in some markets as customers return after months of weak freight conditions and policy uncertainty.

The Swedish company on Wednesday raised its outlook for the European heavy-duty truck market to 305,000 units this year, from 295,000 previously. It also sees improving retail sales in North America in 2026. Still, Volvo warned that deliveries in that region and in South America are expected to be weak in the current quarter.