Midrange Commercial Truck Market Expected to Remain Sluggish
Despite signs of a strengthening economy, several medium-duty truck manufacturing executives said they expect the midrange commercial truck market to remain in the doldrums this year with sales comparable to 2001, perhaps even dropping slightly.
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“The Class 6 and 7 segment of the medium-duty market has been weak for the last 12 months,” said Steve Keate, president of International Truck & Engine Corp. “This coming year, we’re not seeing anything (to say) that demand will pick up from 2001.”
Mike Parrish, medium-duty product manager with Kenworth Truck Co., echoed that forecast.
“We see the market as being flat, although we do see it improving as the year goes on,” he said.
For more stories like this one, check out the March issues of Light & Medium Truck and Utility Fleet Management.
