By Amir Orusov

The logo of Volkswagen's truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo

(Reuters) -Volkswagen's truck unit Traton (8TRA.DE) reported a 10% drop in first-quarter deliveries on Wednesday, citing a challenging market environment.

The company said it sold 73,100 trucks and buses in the first quarter, compared with 81,100 a year earlier.

"The U.S. market is continuing to suffer from a low transportation activity," the company said in a statement, adding market uncertainties caused by the possible impact of tariffs had a negative effect on first-quarter deliveries.

This week on Reuters

• Retail investors buy stocks at largest level in 10 years, JPMorgan says

• Goldman sees more rate cuts from Fed and ECB as tariffs hurt growth outlook

JP Morgan said ahead of the release that it expected weaker U.S. order intake for truck makers to persist in the second quarter, regardless of the outcome of the tariff negotiations.

The broker also expected lower order intake to persist as the third quarter tends to mark the seasonal summer shutdown.

"This lower overall activity would likely mean heavy truck demand in (North America) moving from 2025 into 2026," JP Morgan added.

On Tuesday, peer Daimler Truck (DTGGe.DE) said its sales of the Trucks North America segments fell 16%.

(Reporting by Amir Orusov, Editing by Miranda Murray)

Reuters report

More Stories

• A personal finance expert's blunt advice on how to pay down debt fast

• Wall Street’s S&P 500 targets are still predicting a big rally, even after a flurry of cuts

• How Trump’s car tariffs will impact Americans.