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You are here: Home1 / News2 / International News3 / Massive drop in trailer production projected in 2020

Massive drop in trailer production projected in 2020

Date: 6th May 2020 Author: Chris Anthony Comments: 0
Three white commercial vehicle trailers While trucks have been more in-use than cars and other sectors during lockdown, new trailer demand will take a big hit in full-year 2020 figures (Photo: Elevate; Pexels.

In April 2020 many European countries reached the peak of new infections resulting from the coronavirus, something that is likely to lead to a massive fall in trailer production in the second and third quarters of 2020, according to analysts Clear. During April many trailer manufacturers closed their business in April in order to comply with government recommendations on social distancing but also because there was little or no business to be done. Now manufacturers are having to consider how they can resume production to at least meet the low level of demand that will exist in Q2 2020.

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Related Tags

Clear, Coronavirus, Europe, fleet tyres, OE business, trailer demand, truck tyres, UK

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