Market leader Daimler optimistic about future growth in truck sales

www.chinatrucks.com: It may be that being a market share leader in North American Class 6-8 truck sales makes for a more optimistic outlook, but Andreas Renschler, head of  Daimler Trucks is not buying into all the economic doom and gloom.

In his address to the media prior to the start of the American Trucking Associations convention Renschler acknowledged that economic indicators today are making it feel a bit like the fall of 2008 but was optimistic we would not see a return to global crisis.

"The clouds are a little bit darker but I'm still optimistic we will not see a global crisis... while it's true that the risk of a double-dip recession has become more pronounced over the course of this year, it's still a less likely scenario," Renschler said.

He added that the more real threat is a crisis of confidence.

"As President Franklin Roosevelt famously said, "The only thing we have to fear is fear itself,'" he said.
Renschler said Daimler is not seeing any significant negative effects on its business, adding he is confident 2011 will prove to be a good year.

As of August, three of Daimler's four core markets were showing significant growth compared with the previous year: - Europe by 41% in the medium- and heavy-duty segments, - the NAFTA region by 38%, - and Brazil by 16%.

Year-to-date, global sales of Daimler Trucks have climbed by 18% through August.

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