Car market, EU – Baltic States, Transport

International Internet Magazine. Baltic States news & analytics Wednesday, 15.05.2024, 11:52

European truck-sales drop accelerated on Eastern Europe and Spain in April 2009

Alla Petrova, BC, Riga, 27.05.2009.Print version
European heavy-truck sales dropped at an accelerating rate in April 2009, led by Spain, Italy and eastern European countries, as the worldwide recession reduced demand from freight transporters and construction companies.

Sales in Eastern European countries dropped 68% to 1,595 trucks as Poland's market, the largest in that region, shrank by 68%, reports Bloomberg/LETA.

 

Delivery declines exceeded 80% in Bulgaria and Romania.

 

Estonia, the smallest eastern European heavy-truck market in April 2008, contracted by 91% and Latvia, the second-smallest, plunged 93%.

 

Deliveries of trucks weighing more than 16 metric tons declined 47% to 15,117 vehicles from 28,510 a year earlier, the Brussels-based European Automobile Manufacturers Association said in a statement today. Four-month sales fell 43% to 64,017 trucks. That compares with delivery drops of 44% in March and 42% in the first quarter.

 

Daimler AG, Volvo AB and MAN SE, the Europe's top three truck-makers, have responded to the global sales decline by scaling back production. Stuttgart, Germany-based Daimler aims to save at least one billion euros at its truck-making business, the world's biggest. MAN, which has headquarters in Munich, reduced its workforce by 1% from Dec. 31 through the end of March, including 150 jobs eliminated in Poland.

 

Western Europe's heavy-truck market contracted by 43% to 13,522 vehicles as sales plunged 79% in Spain and 49% in Italy. The countries were the region's third- and fourth-biggest markets for heavy trucks a year earlier.

 

European sales of all classes of commercial vehicle fell 42% to 139,870 vehicles in April while four-month deliveries dropped 37% to 590,894, according to the association. Sales of trucks weighing more than 3.5 tons dropped 44% in April and 40% in the four-month period.






Search site