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TRUCKS' MARKET * USA - Demand for big trucks drops off in first quarter
Pre-buying of 2006 hits truckmakers harder than predicted
Newton,MA,USA -Purchasing, by Dave Hannon -April 6, 2007: -- After a rash of pre-buying in late 2006, big truck sales have fallen off the table in the first quarter of 2007 and truckmakers aren't seeing a pickup anytime soon... Trucking firms bought more equipment in 2006 ahead of new EPA regulations that made engines more costly in 2007 trucks. The resulting impact on big truck sales is even more dramatic than predicted... Truckmaker Freightliner recently said orders for its biggest on-highway (Class 8) trucks had been weaker than expected so far this year and that the company was cutting second-quarter production. Chrysler’s Truck Group which includes Freightliner, expects that the Class 8 segment of the U.S. truck market will decrease by as much as 40% this year... Navistar expects sales of medium and heavy trucks to decline 24-28% from 2006...
Labels: trucks markets
posted by Unknown @ 11:43 AM
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