Volvo Car margins at risk as volumes fall, Citi says
Citi, after an investor call ahead of earnings, says retail volumes are tracking 13% lower quarter-to-date and pricing is a headwind in China, raising debate over whether Q3 margins could turn negative.
Volvo Car is facing a number of headwinds, and Citi analysts say the key question is whether third-quarter margins will remain in positive territory. After an investor call ahead of earnings, Citi said retail volumes are running 13% lower quarter to date. Citi also said pricing remains a headwind in China.