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TRUCKS MARKET * Europe - Rises for first time in almost 2 yrs
Paris,France -Reuters, by Helen Massy-Beresford & James Regan -Apr 27, 2010: -- The European truck market posted its first rise in almost two years in March, industry association ACEA said, reflecting signs of economic recovery as well as an extra working day compared with March 2009. March sales were still down 27.3 percent compared with pre-crisis levels of March 2008, showing that the sector -- seen as an economic bellwether because of its links to international trade -- is still operating in difficult circumstances, ACEA said... A total of 186,469 commercial vehicles were registered in the European Union in March, an 8.8 percent year-on-year increase, ACEA said on Tuesday... Light commercial vehicle sales rose 12.4 percent in the EU member states compared with March 2009, when the crisis was in full swing... The heavy truck segment was still struggling however, with a 15.9 percent drop in registrations... For the first quarter heavy truck sales across the EU were down 30.9 percent... Commercial vehicle registrations over 3.5 tonnes showed a 10.1 percent drop in registrations in March. World number two truckmaker Volvo last week posted a higher-than-expected quarterly profit, sending shares soaring... (Photo from nimg)
Labels: trucks markets worldwide
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