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May 5, 2013

* USA & Canada - Truck production has risen each of the past two years: "Orders tend to run higher"

* Michigan - Data show truck industry poised to recover


(Photo)
Southfield,MICH,USA –Bloomberg News/The Journal Gazette, by Mark Clothier -April 28, 2013: --  Net heavy truck orders have been above 20,000 since December, an indication trucking companies are doing more than just swapping out aging tractors for new ones... North American net orders have averaged 21,619 a month since October and stayed above 20,000 since December. In February, net orders grew 3.4 percent to 22,816, the first such monthly gain in 14 months... While still shy of a full-fledged rebound in the industry, investors see the early signs as reasons for optimism in an industry that is an economic bellwether... Truck production has risen each of the past two years, it topped the typical replacement level of 250,000 in 2011 for the first time since 2006 after a fitful recovery from the recession-low of 120,000 in 2009... Forecasters initially expected new orders of 285,000 last year. It ended up at 273,036, after a sluggish economy slowed demand in the second half of the year, said Karen Ubelhart, an analyst with Bloomberg Industries... Despite the positive signs, Class 8 shipments will fall about 12 percent to 240,719 this year, industry consultant FTR Associates forecasts. Class 8 retail sales fell 18 percent in the first quarter from a year earlier, according to a Bloomberg Industries report... Orders are running at an annualized rate of 250,000 to 260,000, FTR said. Orders tend to run higher early in the year as freight haulers buy new trucks in advance of peak shipping demand in the summer, Eric Starks, FTR’s president, said in an interview...


* Michigan - GM hopes new high-end Silverado High Country snags customers

(Photo from Chevrolet: Chevrolet looks to stake its place in the premium pickup segment with the 2014 Silverado High Country)
Detroit,MICH,USA -The Detroit News, by Melissa Burden -May 5, 2013: -- General Motors Co. is introducing an all-new, top-of-the-line Chevrolet Silverado model as part of its rollout of new 2014 pickups, hoping to capture a bigger portion of the premium truck market, the automaker said Sunday. The 2014 Silverado High Country will come in crew cab only and be available this fall. The truck, which has more amenities than the Silverado LTZ, features a chrome grille with cross bars, 20-inch chrome wheels, halogen projector headlights, body color front and rear bumpers and a mountain range High Country badge. That badge is prominently featured on the front doors, tailgate, door sill plates and is embroidered into the headrests. Saddle brown is the only interior color available in the High Country. The truck features heated and cooled leather seats, Bose audio and Chevy's MyLink infotainment system...

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