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Feb 24, 2012

TRAILER MARKET * EU

* The West European trailer market finished 2011 up 27.2% over the level of 2010

Dublin,Ireland -Irish Trucker -23 February 2012: -- This means that there was a 40.7% increase over the very low demand level of 2009 at the bottom of the recession...  However, as a result, the trailer market has only recovered to the level of 2003, which itself was at the bottom of a mild downturn... What is more 2012 will not provide any growth – in fact there will be a small drop in the demand for new trailers – thanks to the continuing euro-zone debt crisis and the resultant fall in business confidence. The economic outlook for 2012 has been downgraded in recent months in every country of the region. Both GDP and business investment growth will fall below 1% in most countries... Looking further forward, there are grounds for optimism in 2013/14 ... In the meantime a backlog of replacement demand is building. Because the level of new trailer sales is still low, the trailer parc (fleet size) is both ageing and shrinking. Eventually it becomes uneconomic to keep running old equipment, which should lead to increased demand for new vehicles...

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