Truck Sales Head Down

North American Truck sales have plummeted, down by as much as 50 per cent since the 1999 peak. There are signs that the downturn may spread to Europe. European truck manufacturers expect sales to fall by 15-20 per cent in 2002.

Volvo has declared US deliveries of trucks down 40 per cent and a 21 per cent decline in Europe. Daf also expect to see the European market fall by 20-25 per cent this year..