November 22, 2017

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Mack Trucks gives business update, provides details on new DME-fuelled trucks

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

Source:  www.trucknews.com

NEW YORK, N.Y. – Despite the soft market, there are plenty of positives surrounding Mack Trucks this year.

That was the message executives of Mack Trucks gave to trucking journalists this week at a press conference in the place the company was founded, New York City.

Right now, said Dennis Slagle, president, Mack Trucks, the company is fixing its original 2016 forecast for North American Class 8 truck sales to 240,000. Last year it sold more than 300,000.  But, Slagle said, the good news is that, “Mack had another good quarter in market share. The mDrive is going nuts. People love it. The more we sell, the more word of mouth as well as the more testimonial strength we get…We’re really happy…we’re getting back on our feet and we are continuing to grow.”

Slagle added that Mack is focusing on correcting the bubble surrounding the inventory levels in America right now.

Mack is DSNY's main HD truck provider.

Mack is DSNY’s main HD truck provider.

“The bottom line is that we had too many trucks come in the pipeline and that needed to be corrected,” he said, adding that the initial response in September/October of 2015 was that a few quarters would solve the problem, but Christmas came and went and shelves were still overstocked.

To help accelerate the correction, Slagle confirmed that Mack is adjusting its production levels (through planned down weeks) to “ensure the correction happens” but added that he is “optimistic on the pace of the correction.”

“I’m more encouraged today,” he said. “We’re seeing more employment, we’re seeing record levels in the stock market, and I think we’ll see consumer spending increase…and start to clear off those shelves and restocking start to generate more truck activity. In general, we think, in 2017 we will begin to return to normal.”

As well, Slagle said, Mack is turning its focus to its dealer and service centers ­for an opportunity it sees as a great potential...read more click here

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