Softening market despite doubling of task: McMullan


The 'softening' of the Australian truck market should not be a reason to panic, Truck Industry Council says

By Gary Worrall

The 'softening' of the Australian truck market should not be a reason to panic, Truck Industry Council Chief Executive Tony McMullan says.

While he declined to comment on the decision by VCVA to make approximately 130 manufacturing staff redundant, saying it was a commercial decision for Volvo, McMullan says the general situation is not bright, at least in the short term.

"In the short term we can expect a softening of the market, due to the current economic situation," McMullan says.

"But remember this is coming off a high base, with the introduction of Euro 4 earlier this year and the pre-buy of trucks that preceded it."

While acknowledging he was pushing a well-worn phrase, McMullan says the Australian freight task is still expected to have doubled by 2020, which included an expectation of a recession every seven years.

"Things may be tight, but the reality is people still need to eat and drink, which means there is still a big requirement for freight to be moved, particularly as the population continues to grow."


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