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MARKET SALES * USA - '07 downturn to sink deeper than expected
New York,NY,USA -Today's Trucking (Canada) -20 April 2007: -- North American class 8 truck orders were 14,011 in March, down a whopping 73 percent from the height of the pre-buy during the same month last year... According to New York-based transportation equipment analysts Bear Stearns, the majority of the remaining orders continue to be for export markets, which accounted for roughly 50 percent of total net new orders in January and February of 2007... Meanwhile, class 5-7 orders were also down over 70 percent last month from the same period last year. However, arguably, medium-duty orders are a "purer" measure of economically-derived demand, given that there was a smaller pre-buy in the class, says Bear Stearns... * USA -Survey says heavy truck sales expected to drop 43 percent this year
USA -Land Line Magazine/ just-auto.com (UK) -April 20, 2007: -- The U.S. automotive industry is not the only one watching heavy duty truck sales numbers. According to a recent survey by the British Web site just-auto.com, U.S. truck manufacturers estimates that this year’s sales of Class 8 trucks will dwindle 43 percent to 182,400 units... More stringent emissions standards required by the U.S. Environmental Protection Agency beginning Jan. 1, 2007, ushered in a rush of pre-buy orders ahead of the emissions deadline... In November 2006, DaimlerChrysler predicted that higher-priced, lower-polluting models would drive the sales market down in spring and summer 2007, with sales falling 39 percent from 2006...
Labels: trucks sales
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