Growing truck market

In 2011, the total market for heavy-duty trucks in North America increased by 52% to 216,100 trucks compared to 142,100 in the previous year. Demand was strong throughout the year, driven primarily by the need to replace the industry’s aging highway tractor population. In 2012, the total market for heavy-duty trucks in North America is expected to grow to a level of about 250,000 trucks.

Following a number of years with weak market conditions, the market for construction equipment rose by 37% in 2011 compared to 2010. For 2012, the market is expected to grow by 15-25% compared to 2011.

The North American market for city buses declined due to the budget cuts still in effect in many cities. The coach market was also weak.