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TRUCKS' P. ORDERS * COMMENTS - Great Works of Fiction Part 3: Long Lead Times.
London,UK -The World Trucks Blog -24 Jan 2008: -- If UBS is correct, and somewhere between 10 and 20 per cent of all European truck orders are double bookings, then what does that say about lead times stretching out over the horizons? ... 63 per cent of European fleets with between 101 and 501 vehicles claim to have double booked new trucks as a hedge against increasing lead times. So what happens when they cancel?... This is a case of micturition ‘twixt scapulae masquerading as precipitation, and it is high time, we opine, for such nonsense to be unmasked as the fiction that it is...
* Europe - The market has peaked, and is now looking at a 7.5 per cent fall during 2008
London,UK -Bloomberg /The World Trucks Blog -23 Jan 2008: -- ... Citing UBS analyst Fredric Stahl, who reckons that the European market has peaked, and is now looking at a 7.5 per cent fall during 2008... At last, someone who shares our cloudy view. And, more pertinently, who regards the nonsense of long lead times as being just that – a nonsense... "We believe that 10 percent to 20 percent of the trucks in the order books are double bookings that will be canceled when the `real order' is delivered,'' Stahl said. Slowing economic growth "leads us to take an outright negative view on order development in 2008.'' ...
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