MUNICH (dpa-AFX) - The Volkswagen commercial vehicle holding company Traton has received a good fifth fewer orders for vehicles in 2023 than in the very strong previous year. Incoming orders fell by 21 percent to 264,800 vehicles, the SDax-listed company announced in Munich on Monday. This is a sign that the pent-up demand caused by the Covid pandemic and the war in Ukraine, among other things, is gradually normalizing. According to the company, uncertainties surrounding the economic situation and higher interest rates were also reflected in demand. The Group's order backlog for the MAN, Scania, Navistar and South American Volkswagen Truck & Bus brands reportedly extends into the second half of the year. Delivery times for customers are likely to decrease in view of the lower order backlog.

As already known, Traton achieved record sales last year. The company sold 338,200 vehicles, eleven percent more than in the previous year. The stabilization of supply chains and the increased production volume also contributed to this./men/mis