Navistar: sales revenue 2016-2023
Between 2016 to 2019, Navistar saw a period of steady growth with sales revenue climbing from about 8 billion euros in 2016 up to about 11 billion euros in 2019. In 2020 and 2021, Navistar saw a decline of sales revenue to about 7.3 billion euros and 3.6 billion, respectively. However, this period of decline was followed by a period of extensive growth in 2022, with sales revenue climbing to about 10.5 billion. Finally, in 2023, sales revenue reached about 11 billion euros.
The brief period of decline in sales revenue was in the midst of both the COVID-19 pandemic and global semiconductor shortages. It was not only Navistar that suffered such losses as the number of cars sold worldwide suffered a decline during that same period. It was acquired by the Traton Group in 2021.