Negative trend in North America and Europe

The total bus market in North America and Europe continues to display a negative trend, while South America and Asia expands rapidly.

The bus market in Europe remains weak, with tough competition and is not expected to recover during 2011. In North America, the city-bus market declined as a result of the budget restrictions that still prevailed in the cities. There are indications of some increase in the coach market but at a lower rate than anticipated.

In Mexico, the total bus market rose significantly during the year but from a very low level in 2010. The total bus market in Brazil increases, driven partly by prebuying before the transition to Euro V, and several on-going BRT (Bus Rapid Transit) tenders in the cities. In the rest of South America, the city-bus market is also positive.