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BRIEF-Volvo sees slowing truck demand across Europe
STOCKHOLM, Sept 25 |
STOCKHOLM, Sept 25 (Reuters) - AB Volvo at capital market day: * Says slowing economic activity resulting in weakening truck demand across
Europe * Says seeing "competitive" pricing on new and used trucks in Europe - presentation material * Says after market slowing in Southern Europe, rest of Europe seeing stable or moderate softening * Says new and used truck inventories for Renault brand too high, Volvo brand at "normal" levels - presentation material * Says retail deliveries remain strong in North America - presentation material * Says production overcapacity have new pricing under pressure in North America
- presentation material * Says seeing weak industry order intake in N America due to lack of confidence and dealers reducing stock * Says used truck prices flat, used parts volumes good in N America * Says sees signs of improving demand in Brazilian market - presentation
material * Says good spare parts volumes in Brazil, but pricing on Euro 5 still "tough" * Volvo Construction Equipment (VCE) - W Europe market continues to weaken with more price pressure, demand moving sideways in E Europe and S America * VCE - N Americac market still strong from rental replacement and expansion but reaching "saturation point", China market still weakening
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