A rebound in US freight truck sales is unlikely to begin until the second quarter of next year, but global truck sales are set to rise in 2008, the head of Daimler AG’s trucks business has said.
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US truck sales have been hit by new emission standards that pulled forward demand, and a recovery there is expected “not before the second quarter”, Andreas Renschler told reporters.
But Reuters reported that he said global sales in 2008 look in good shape, with the US market turning up primarily in the second half of the year, European sales expected to keep rising thanks to brisk demand in eastern Europe, and China and India adding to demand, he said.
The Japanese market was set to remain flat, he added.
At a conference call last month following Daimler’s third-quarter results, Renschler had said he thought the US truck market would pick up in the first quarter of 2008 at the earliest, Reuters added.
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