Analyst Says Truck Sales Expected to Decline Further, but Fleet Capacity Should Tighten
NEW YORK – New-York based transportation market analysts at Bear Stearns say that Class 8 trucks sales could get worse in early 2008 before getting better.
NEW YORK – New-York based transportation market analysts at Bear Stearns say that Class 8 trucks sales could get worse in early 2008 before getting better, according to the Web site www.todaystrucking.com. While there’s been an encouraging jump in truck demand this fall, industry sources still predict a prolonged downturn.
While there was an “encouraging” spike in orders this past October compared to previous months, the boost was mainly a result of large orders from one or two fleets and may not represent a true upturn in overall industry demand.
Bear Stearns also said more capacity will come out of the industry as smaller trucking firms are forced to exit the market due to a weakened economy and higher operating costs, according to www.todaystrucking.com.
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