TEHRAN, Young Journalists Club (YJC) -Germany’s VDA automotive association is optimistic about the outlook for global sales of trucks and vans, with the booming online retail sector in western Europe boosting demand even as the sector faces growing trade barriers.
It said sales of heavy-duty trucks in western European rose by 2 percent in January-July, and forecast a 2 percent increase in sales of light-duty trucks for the whole of 2018 to almost 2 million vehicles.
“The international market for commercial vehicles finds itself in good shape for this year’s IAA,” VDA President Bernhard Mattes said at a news conference at the bi-annual truck fair in Hanover, Germany on Tuesday, according to a prepared speech text.
“But we can’t ignore the political risks that we see around the world. Especially in the transport sector where international supply chains are closely intertwined, trends towards more protectionism, tariffs and trade barriers benefit no one.”