in Europe looks tough, but will be held up by developing markets in
the CEE, according to consensus of opinion at the Hanover
Commercial Vehicle Show.
Although the pattern of shaky sales reported in Western Europe
is by no means unfamiliar, the numbers coming from further East
tell a different story.
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Stephan Schaller, CEO of Volkswagen Commercial Vehicles, talked
of a delivery increase of 30 percent in Eastern Europe, and sales
in Russia that topped 2007’s figures by 87 percent.
Such advances have powered VW’s global sales rise of 9.3 percent
year-on-year, and where sales lead, so will finance opportunities
follow.
Transport Manufacturer Iveco also reported a shrinkage in
Western European demand, but noted similar bounties to VW in terms
of the CEE region.
Daimler too chimed in on this message, with trucks head Andreas
Renschler reporting a 14 percent registration increase for
commercial vehicles in Eastern Europe.
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