Sales of the commercial vehicle for western Europe are now set to go down for this year as euro zone crisis of debt crimps the demand, says VDA industry association on Germany. Matthias Wissmann, the president of VDA said that the conditions now got rough for this year. Over this year, they are expecting some new registrations for the heavy duty trucks for Western Europe for totaling somewhere around 256k and 250k units. This would be drop of around two to four percent as compared to that of the last year says Wissmann.
Countries that are hit the hardest by this crisis are Greece, Italy, Spain, & Portugal and they accounted for around 15% of the total sales in this region, he said. Nevertheless,”sooner finance markets get stabilized, faster the markets of commercial vehicle will be [...]
The volume decrease from month of April reflects a bit slowing but not stalling economy. The for-hire tonnage of truck fell about 0.7 percent in the month of May from April but it had grown at slightly faster pace on basis of year-over-year, 4.1 per cent, reflecting slowing, yet not stalling, growth of economy.
Month-to-month drop was 2nd in one row, as the tonnage had dipped about 1.1 per cent in the month of April from March & rose by 3.5 per cent year-over-year. For 1st 5 months of the year 2012, American Trucking Associations Truck Tonnage For-Hire Index was higher by 3.8 per cent as compared to this period one year ago.
Bob Costello, the ATA Chief Economist says that good news is decrease in the prices of fuel will really help the support the retails going ahead, which is large part [...]
The demand for the light trucks was still robust in the month May, along with General Motors, Ford Motor Co., & Chrysler LLC all giving in mostly double-digit percent age rise in the sales of pick up & commercial van. Reid Bigland, CEO & president at Dodge & the head of the U.S. sales at Chrysler says that in spite of the tremendous amount of uncertainty for global economy, U.S. sales industry of new vehicles continues to go ahead. The over all vehicle sales for May had increased by 30 percent & they represent the 26th-consecutive month for year-over-year growth of sales. They are also adding some production capacity for meeting strong demand for their products.
Ram Truck division of Chrysler had sold about 26,373 units in the month of May, up by 23 percent as compared to [...]
New sales of truck for heavy-duty for May had continued this year’s huge gains over the year 2011, posting best total of the year 2012 – & second best for 5 years -long with all the name plates getting better more than twenty percent.
The figures that are given to various sources on the Internet say that the sales of Class 8 were around 18,012 trucks for USA, up by 35.5% from May 2011 & up by 6.5 % from the month of April. Year-over-year enhancement was 29th consecutive.
The year till date, around 81,762 Class eight trucks are sold for U.S. – which is 42.4% improvement over first 5 months of the year 2011. This total is about 131 percent more than total sales for same period for the year 2009, worst year in generation. This period trails record 2006 year, but industry [...]
Daimler AG Mercedes-Benz, Brazil’s 2nd largest bus & truck maker in terms of market share, will be taking 1,500 workers off the lines assembly at Brazil for 5 months for lowering production as the demand goes down.
Employees from German auto maker’s factory @ Sao Bernardo do Campo will get additional training in the period, Stuttgart-based firm said. Daimler is employing around 14,000 workers @ Brazil, where it has 25.5% of bus and truck market, says data from country’s association of dealer, called Fenabrave.
Declines in the bus and truck sales had created need to reduce the production says Mercedes says in one e-mail statement.
Bus and truck sales fells 28% in first 2 weeks in May from one year ago, says Fenabrave. Finance Minister of Brazil – Guido Mantega had announced [...]
Hugo Chavez, the Venezuelan President, recently went for formally registering as the candidate for the re election in October seven vote aboard truck & cheered by a lot of followers.
Wearing red beret & clothing of sports, Chavez had left Palace of Miraflores en route to Council of National Election offices about ten blocks away from riding on back of trucks that is painted in national yellow, red colors along with blue touches & bearing slogan saying “Chavez, heart of father land.”
Leftist president, who’s recovering from cancer, greeted big crowd with Rosa Virginia & Rosines (daughters) & Adan Chavez brother, too as the Vice President Elias Jaua & the other high officials. One day after the opposition, rival candidate Henrique Capriles registered the [...]
Leif Ostling, the Chief Executive at Scania, who will be leaving his position for joining board of Volkswagen, majority-owner, says that he is expecting truck market of Europe to go down by around 10 percent in this year. He says that the truck markets haven’t changed a lot since Scania had reported on the first quarter for April & the outlook for European market, Scania’s largest, was in the line with Volvo’s drop forecast.
He says that it is still a bit touch for Europe. They gave roughly same figure as that of Volvo for European market. They haven’t changed this (view) says Ostling. For last year, total heavy trucks market for amongst 25 countries of European Union along with Switzerland & Norway was about 241,200 units.
Ostling had predicted in the month of [...]
