East European trailer market stalls…again
The East European trailer market has stalled once again, according to a new analysis produced by Clear International. The report suggests that the instability in Ukraine plus the plummeting oil price has had a “devastating impact” on the outlook for trailer demand in Russia. Nearly 24,000 trailers have been wiped from the demand forecast for the 2015 – 2019 period, with most of that falling in 2015/2016. That is in addition to the reductions made to the forecasts in 2014 following the annexation of Crimea. The latest forecast reductions affect Russia, Ukraine and Belarus.