Bus sales up 35 percent drive MAN performance in the first nine months of 2025

Strong performance in the bus segment supported MAN Truck & Bus results in the first nine months of 2025. The company reported what it calls “stable” performance despite a persistently weak European truck market. All in all, sales grew 4%.

Bus sales rose 35% year-on-year to 4,898 units (significantly growing from the +9% recorded in the first half of the year), confirming renewed momentum in the passenger transport segment. The van business also continued to expand, up 18%, achieving a record 3,146 MAN TGE units sold in September — the highest monthly figure to date. These increases helped offset a 5% decline in truck sales.

MAN bus business growing

Overall, MAN sold 71,672 vehicles (+4%), with sales revenue nearly unchanged at €9.9 billion (-1%). Order intake rose sharply by 32% to 72,615 units, and adjusted operating profit reached €557 million, corresponding to a 5.6% margin.

Electric mobility continues to accelerate. In the first nine months, MAN said it sold 1,090 electric buses and trucks (without providing split figures), a 184% increase over the previous year — surpassing the 1,000-unit milestone for the first time. The highlight came in late September with the unveiling of the MAN eCoach, the first fully electric coach from a major European manufacturer.

MAN CFO Inka Koljonen said: “Our results underscore the resilience our company has built up, especially against the backdrop of a continuing challenging market environment for trucks. On a positive note, sales and order intake have increased, although we are coming from a low starting point. The hoped-for sustained recovery in our core markets – particularly in Germany – has not yet materialized. We do not anticipate any significant market recovery in the medium term either. We are therefore continuing to work consistently to strengthen our resilience”.