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TRUCKS' MARKETS * USA - Slowdown weighs on Daimler Trucks
Frankfurt,Germany -Reuter, by Joanna Partridge -Nov 19, 2007: -- An economic slowdown is weighing on U.S. demand for heavy trucks, even though big customers have no trouble financing purchases despite the credit crunch, the head of Daimler AG's industry-leading trucks business said on Monday... But Andreas Renschler told the Reuters Autos Summit in Frankfurt that he was sticking to his forecast of a U.S. market rebound by the second quarter of 2008... New emissions regulations that pulled forward U.S. truck demand into 2006 have also helped push the U.S. heavy truck market down by 40 percent this year. But new U.S. clean-air rules that take effect in 2010 will also give the market a boost in 2009... Daimler recently pushed back the expected timetable for a U.S. market recovery and now sees it happening early in the second quarter...* The bulls have left the building: Freight analyst
New York,NY,USA -Truckstop Canada News (CAN) -20 Nov 2007: -- There are fewer optimists left who believe class 8 sales will pick up significantly anytime soon, notes the transportation research arm of Wall Street market analysts Bear Stearns... In a conference call titled "Turn Signals: What's the Outlook for Commercial Vehicle Demand in 08-09?" experts suggest the current downturn is attributed to the ongoing freight recession... Looking forward, the mood in the industry remains overly cautious... There's a series of other regulations beyond emission rules that's expected to drive up the price of a new truck... However, the firm says there are some other dynamics here... Meanwhile, normal trade cycles will likely put upward pressure on replacement demand for the next 3 years... The only thing that seems certain about 2010, says Bear Stearns, is that prices are going up...
Labels: trucks markets
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