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TRUCKMAKERS` NEWS * USA - Trucking investors 'pre-buying' the pre-buy
As expected, class 5 to 8 new truck orders remain weak in North America
New York,NY,USA -Truck Stop Canada (CAN) -May 21, 2007: -- ... Builds are down 35 percent in April from the same period last year, which at this time was experiencing the height of the pre-buy, spurred by customers looking to buy equipment in advance of new, more expensive EPA-mandated engines in 2007... Weakness was driven by Volvo (down 82% y/y), then Freightliner (down 43% y/y). Navistar, (down 36% y/y), and Paccar (down 33% y/y)... According to transportation market experts at Bear Stearns in New York, class 8 orders were reported at 10,491 IN April, down 65 percent from last year... On that note, Bear Stearns is standing firm on past predictions that the current 2007 downturn is deeper and will last longer than most industry insides originally expected...
Labels: truckmakers news
posted by Unknown @ 10:52 AM
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