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TRUCKS' MARKETS and PROGNOSIS * WORLDWIDE
* Europe and USA - S and P report says Europe's heavy truck market to slow in 2012
(Photo: Standad and Poor's headquarters in New York City)
New York City,NY,USA -Reuters -Nov 10, 2011: -- The strong recovery that European and North American truck makers have experienced since mid 2010 looks set to cool in 2012, says Standard and Poor's Rating Services today in the report "Slowdown Ahead For Truck Makers In Europe, In North America The Recovery Rolls On"... This is because, while we anticipate market demand in Europe will slow next year, in North America it should continue expanding, buoyed not least by pent-up demand from trucking firms looking to renew their fleets. We also expect demand to continue increasing in emerging markets... Other factors supporting our expectation of a market slowdown in Europe in 2012 rather than a sudden standstill include that the truck market is not overheated, as it was before the last downturn, and order inventories are manageable... The report says a slowdown of demand in Europe would be aggravated by a possible lack of credit for truck purchases. Should weaker economic conditions or a tougher regulatory framework for the banks lead to more cautious lending in 2012, we see a risk that funding could dry up for smaller trucking firms. Furthermore, since demand for trucks is closely correlated with economic growth, a second recession (double dip) could cut truck demand below our base-case assumptions. Standard and Poor's economists currently put the risk of a double-dip in Europe in 2012 at about 40%, the report says...* China In October 2011: Running Out Of Gas
Beijing,China -The Truth about Cars, by Bertel Schmitt -November 9, 2011: -- The China Association of Automobile Manufacturers (CAAM) released its October sales, and they confirmed the rumors that they were nothing to write home about. Total automobile sales are down 1.07 percent compared to October 2010. Production rose less than 2 percent. Passenger vehicles still outpace the overall market, up 1.42 percent... Commercial vehicles keep dragging the market down. In October, sales of commercial vehicles were 9.93 percent below the same month in 2010. Homegrown brands continue to lose market share at 29 percent... In the first ten months of the year, slightly above 15 million vehicles were sold, indicating that the year should end at around 2010 levels... In light of the underwhelming performance of the general market, the performance of GM China is astounding. October sales across all brands of GM China were up 10.4 percent. Usually, GM tracks the market...
Labels: markets prognosis
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