CV market experiencing ‘invasion’ of low cost trucks
The global commercial vehicle market is experiencing a “growing invasion of “low-cost trucks”, according to analysts from Frost & Sullivan. These trucks, mostly from Asian OEMs, are priced approximately 20-25 per cent lower than conventional trucks and are penetrating markets all over the world. In response the analysts are holding a free “European Threats and Opportunities” web conference on 22 February 2011 at 15:00 BST hosted by research analyst, Ryan Carmichael.