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FTR Associates lowers truck and trailer sales forecasts
Truck and trailer sales forecaster FTR Associates has significantly lowered its estimates for 2009 North American truck and trailer sales.
The company said North American Class 8 truck shipments will total around 150,000 while US trailer production will be less than 100,000 units in 2009. The new forecast is based on the expectation of a continuing poor economic environment for trucking, which the company says will continue to depress freight demand throughout 2009.
The group says it feels a recession is unavoidable and demand for trucking services will likely remain weak over the next several quarters. FTR added it does not expect to see a noticeable increase in freight demand until mid-2010.
Eric Starks, president of FTR said: 'We know this forecast will be a blow to many industry participants, but our instinct is to take the information we have and generate as reliable an outlook for equipment build as possible to give our subscribers a true sense of what to expect. We will continue to do that.'
The company said North American Class 8 truck shipments will total around 150,000 while US trailer production will be less than 100,000 units in 2009. The new forecast is based on the expectation of a continuing poor economic environment for trucking, which the company says will continue to depress freight demand throughout 2009.
The group says it feels a recession is unavoidable and demand for trucking services will likely remain weak over the next several quarters. FTR added it does not expect to see a noticeable increase in freight demand until mid-2010.
Eric Starks, president of FTR said: 'We know this forecast will be a blow to many industry participants, but our instinct is to take the information we have and generate as reliable an outlook for equipment build as possible to give our subscribers a true sense of what to expect. We will continue to do that.'