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Heavy trailer sales outlook improves in Western Europe, but still down >9% in 2023

The war in Ukraine and the cost of energy plus general price inflation have replaced covid-19 as the principal threats to growth in trailer demand. Inflation rose to 10 per cent but is now moderating. Interest rates however are still relatively high but not increasing. That’s the view of analysts at Clear International who have published their first report on the Western Europe heavy trailer market since May 2022.

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Related news:

  1. Turkey leads strong Eastern Europe heavy trailer demand
  2. 2014 Eastern European trailer market flatlining
  3. East European trailer market hit again, but regional nadir also reached
  4. East European Trailer Market hit by more falls in Turkish vehicle demand
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Massive drop in trailer production projected in 2020

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Three white commercial vehicle trailersElevate; Pexels.

In April 2020 many European countries reached the peak of new infections resulting from the coronavirus, something that is likely to lead to a massive fall in trailer production in the second and third quarters of 2020, according to analysts Clear. During April many trailer manufacturers closed their business in April in order to comply with government recommendations on social distancing but also because there was little or no business to be done. Now manufacturers are having to consider how they can resume production to at least meet the low level of demand that will exist in Q2 2020.

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East European trailer demand downgraded due to Turkey instability

Demand for trailers grew by 4.4 per cent in Eastern Europe in 2018, according to the latest research released by Clear. The market has grown every year for the last six years, but that growth has been quite moderate.  Nevertheless, trailer sales in 2018 were the third highest on record, only surpassed in 2007 and 2008.  The forecast for 2023 is that registrations of new trailers will be heading towards an all-time record.

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Related news:

  1. East European Trailer Market hit by more falls in Turkish vehicle demand
  2. UK trailer market up 25 per cent, setting new record
  3. West European trailer market to increase 15 per cent in 2014
  4. Q2 Trailer demand to be 44% down
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Analysts upgrade 2018 West European trailer market forecast

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Instead of demand dropping by approximately 9 per cent in 2018 a decline in demand of 5 per cent is now forecast, followed by a further drop in 2019 leading to a total shrinking of the market by 13 per cent over the two years. According to the agency “Clear”, for 2017 the demand for trailers increased in the first half of the year but will have close to zero growth in the second half. Overall 2017 will see a 3 per cent increase in registrations.

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Related news:

  1. Turkey leads strong Eastern Europe heavy trailer demand
  2. HGV trailer sales fell 6.3 per cent in 2012
  3. CV trailer market to grow 2% despite weak 1H
  4. Has European Trailer demand peaked?
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East European Trailer Market hit by more falls in Turkish vehicle demand

Market analysts at Clear report that the Eastern Europe trailer market has been hit by a severe downturn in the Turkish market for commercial vehicles. The forecast for Turkey in 2017 is for a fall in trailer demand of 29 per cent on the back of large declines in 2015 and 2016. Political instability had already undermined business confidence in early 2016 and then in mid-year there was an attempted military coup. This had a dire and worsening effect on business investment. As a result, a further 19,700 trailers have been wiped from the Turkish forecast.

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Related news:

  1. East European trailer demand downgraded due to Turkey instability
  2. 2014 Eastern European trailer market flatlining
  3. UK trailer market up 25 per cent, setting new record
  4. East European trailer market hit again, but regional nadir also reached
/by

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