January 15, 2020 / 8:13 AM / 8 days ago

Traton sales up 4% in 2019 but warns of slowdown in 2020

FILE PHOTO: Visitors stand at the booth of Volkswagen's truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - German truck manufacturer Traton (8TRA.DE) on Wednesday said 2019 sales rose by 4% to 242,200 vehicles but confirmed that it expected the European market for trucks weighing more than six tonnes to decline by 10-20% in 2020.

It said the downturn in that sector would probably be particularly noticeable in the first half of 2020 as the first six months of 2019 had been boosted by orders being pulled forward, partly due to the Brexit debate.

Reporting by Michelle Martin; Editing by Riham Alkousaa

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