Volvo (VOLVB SS) Exec. says they observed signs of stabilisation and slight recovery in late-Q4 and start of Jan'26, marking a shift from the previously cautious stance seen for the truck markets in the Americas

• Expects Q1'26 volumes in the Americas to remain weak, with European volumes up in Q4.
• Underlying service business grew 5% in Q4.

Volvo's recent commentary suggests a notable shift from a cautious outlook to signs of recovery in the truck markets, particularly in the Americas, although they still anticipate weak volumes in Q1'26. The growth in their underlying service business indicates potential resilience in specific segments, which could bode well for the company, especially as European volumes improved in Q4. This evolving narrative may influence market sentiment towards Volvo and broadly within the trucking and commercial vehicle sector.