Traton Group: total assets 2016-2023

Through 2016 to 2018, the Traton Group saw a period of steady growth with their total assets climbing from about 41.3 billion euros in 2016 up to about 46.4 billion euros in 2018. In 2019, the total value of assets declined, dropping to about 45.2 billion. In 2020, the total assets of the Traton Group continues to suffer losses, dropping down to a further 42.8 billion euros. Finally, this short period of decline was followed by a period of extensive growth from 2021 to 2023, with total assets of about 55.1 billion and 61.7 billion euros respectively. 

The US expansion

In 2021, the Traton Group acquired the US commercial vehicle manufacturer Navistar, leaning into a major expansion in the North American market, and leading to increases in sales revenue and operating result.

Recovery from a turbulent era

The brief period of decline in total assets in 2020 was in the midst of both the COVID-19 pandemic and global semiconductor shortages. It was not only the Traton Group that suffered such losses as the number of cars sold worldwide suffered a decline during that same period.