Bendix CEO Sees Sales Drop-Off
Mar 25, 2010 11:55 AM, By Jim Mele, Fleet Owner editor-in-chief
LOUISVILLE, Ky. Although the first quarter was “pretty good” for aftermarket and OEM sales, “we’re about to come to the close of those good times,” said Joe McAleese, president and CEO of Bendix CVS.
Sales in the first quarter were bolstered by fleets buying the last trucks available with 2007-certified engines, but as truck manufacturers work through inventories and begin switching to the new, more expensive 2010-certified diesels, sales will drop off in the second and third quarters, making them “very challenging,” McAleese said during a press conference at the Mid-American Trucking Show (MATS).
“We’re going to see sales go down again before they go up,” he said. With a relatively slow economic recovery, McAleese said Bendix does not expect North American truck sales to return to 2007 levels until 2012, and that it will take “a prolonged period” to reach the record levels seen in 2006.
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