CV Sales Slowing Down :- Is it a Start of another 2008 Turmoil

One of the research firm met with managements of couple of large CV financiers to understand the developments in the M&HCV space. Both these companies rank amongst the top 5 commercial vehicle (CV) financiers. Key highlights are: M&HCV volume to remain weak: The outlook for M&HCV sales continues to remain stressed by the slowing investment cycle, weak industrial growth and high interest rates. In an optimistic case, the managements expect heavy truck volumes to be flat, with a de-growth of 10% being a more likely scenario. While H1 will likely be even weaker; the managements hope for an improvement in … Continue reading CV Sales Slowing Down :- Is it a Start of another 2008 Turmoil