Long-Term Outlook Good for Global Truck Market: Daimler

Sep 19, 2012 12:12 PM

Daimler Trucks likes the long-term commercial vehicle outlook and expects to see global medium and heavy-truck sales reach nearly four million units by 2020 despite challenging conditions in Europe and Brazil, and a slowing market in China, according to Andreas Renschler, the head of that business unit.

Pointing to Daimler Truck’s strategy of regional production using global technology platforms, Renschler said strong sales in North America, double digit growth in Russia and expanding business in India are helping the company weather the industry’s short-term cycles.

“Short-term cycles are our natural habitat,” he said at the opening of the 2012 IAA Commercial Vehicle Show. “We can balance weaker markets with the strong ones.”

That not only compensates for regional downturns, but by allowing development of common product platforms “we can afford to offer the best products in every market.”

Predicting that global demand for medium and heavy-duty trucks will grow 50% over the next 10 years, Renschler said, “The biggest challenge for the commercial vehicle is by no means low demand. On the contrary, the greatest challenge is its growing success.”

No matter what the market, the basic customer demands are the same, he said - lowest total cost of ownership and a truck that “fits the customer like a custom-tailored suit.”

Daimler is using IAA to introduce two entirely new vehicles, the Antos heavy-duty truck for regional hauling applications and the Citan, a small commercial van for urban fleets. The Antos has three power options, including the 13L developed by Daimler subsidiary Detroit and first introduced in North America. It also introduces a new Daimler 7.7L medium-duty diesel that could be expected to eventually show up in other developed markets with stringent emissions standards.

Prior to the show’s opening, Daimler Truck introduced its entire global portfolio, showing an international press corps trucks fromFreightliner as well as from its new BharatBenz brand and joint ventures in Russia with Kamaz and China with Foton

Related Articles

Daimler Opens New Plant in India

Apr 20, 2012 10:42 AM

A new production plant for the wholly owned Daimler subsidiary, Daimler India Commercial Vehicles Pvt. Ltd. (DICV), has been completed in Oragadam-Chennai, India...

Reprints and Licensing
© 2013 Penton Media Inc.

Acceptable Use Policy
blog comments powered by Disqus







Directories

Newsletter

Buyers Guide

Visit our Directories

Access our growing list of guides and directories.

Subscribe to our Newsletters

Subscribe to Market Watch a comprehensive sweep through the week's events in the truck trailer, truck body, and truck equipment industry, as well as the Trailer/Body Builders Buyers Express for monthly updates on new products

Check Out our Buyers Guide

The Trailer Body Builders Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for

Search 2.5+ million listings

Browse Back Issues