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No light at the end of the tunnel for CV industry?

It was a glum end to the week, as European commercial vehicle (CV) manufacturers announced there is still no sign of the industry recovering from its current trough.
With demand slumping across the continent, the latest ACEA registrations data shows a 37 per cent drop in new vehicle sales up to August compared to the January-August period in 2008.
Orders for heavy diesel trucks alone levelled at around 25,000 in the first half of this year, a whopping 85 per cent less than in the same period in 2008.
Sorry news indeed for the man in the van and the lorry cab, and those 1.5 million people involved in the European commercial vehicle industry.
Manufacturers have responded to the figures by saying the market will remain “flat” into late 2010 at least. Ivan Hodac, Secretary General of ACEA, said the CV industry may need to make “fundamental changes” to operations to withstand the crisis.
Here in the UK we wonder how this will affect our vehicle, fuel and haulage industries. As Mr Hodac said: “Europe cannot afford to stand aside and let this sector be at risk.”
And nor can we.

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1 Comments
Feb 9, 2011
4:07 am

Thanks for this post. I essentially agree with what you are saying. I have been talking about this subject a lot lately with my father so let’s hope this will get him to see my point of view. Fingers crossed!

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