Suppliers predict growing truck market
LOUISVILLE, KY - What a difference a few months can make. Earlier this year, Bendix Commercial Vehicle Systems was projecting Class 8 truck sales would drop about 5-10%. Now it's projecting the market will grow about 5%. "Overall, I think the economy has turned for us in the trucking industry," chairman Joe McAleese observed, citing growing truck orders and dropping cancellations. Truck tonnage and utilization are both seen as under control. It was a theme repeated during briefings during the Mid-America Trucking Show's media day.
IN PRINT — Trump Card: How “America First” policies could change the trucks you buy
Heavy Duty Aftermarket Week can be a decidedly patriotic affair. Sessions during the related Heavy Duty Aftermarket Dialogue event open with color guards and music videos featuring the Star Spangled Banner. But it was a promise of "America first" that was weighing on the minds of many participants.
Mexico a “land of opportunity”, says Daimler’s Kurschner
PUERTO VALLARTA, MX - In a year when dealers in Canada and the U.S. face a dramatic downturn in truck sales, Mexico is a world apart. As of November the market for Class 4-8 vehicles was up 18.5%, and Daimler Trucks North America accounted for 36% of it -- up 7.8% over last year. But Stefan Kurschner, president and Chief Executive Officer of Daimler Vehiculos Comerciales Mexico, says there's room for more.
Kenworth enhancing day cabs, ending T660
KIRKLAND, WA - Kenworth has unveiled several new and coming product enhancements, particularly to its lineup of day cabs, but has also announced that it will officially end production of the venerable T660. The company has sold 60,000 of that aerodynamic tractor since it was first introduced in 2007, essentially replacing the T600. A final 500 of the T660 cabs will be built this year until the last model rolls off the assembly line. Ongoing investments at Kenworth have included a new climactic wind tunnel.About 80% of the trucks that the company builds today are the T680 or its vocational sibling, the T880. The T680 itself accounts for about 60% of sales, with the T880 at just under 30%.
Navistar back in black during second quarter
LISLE, IL - Navistar International reported a $4-million net income in the second quarter of 2016, in sharp contrast to a $64-million net loss in the second quarter of 2015. Cost controls, higher parts-related profits, and demand for HX vocational trucks have all been credited for making a difference despite a soft sales market.
Used Truck Deals Still Near Record Levels
SOUTHFIELD, MI -- U.S. Transactions of used commercial vehicles in the gross vehicle weight (GVW) 3-8 categories remained near record levels for the 12-months ending March 31, according to new figures from the vehicle industry analysis provider IHS Automotive.