Is the Financial Crisis this bad? Orders at Volvo, the world’s second-largest truckmaker, fell 55 per cent in the third quarter year-on-year, and in Europe it had almost as many cancellations as new orders. Volvo recorded just 115 net order bookings for new trucks in Europe, down from 41,970 a year earlier – a 99.7 per cent drop. http://www.ft.com/cms/s/0/44900d26-a1c2-11dd-a32f-000077b07658.html?nclick_check=1
OOOF!!!! That is an astounding drop. Always try and look at the upside. Truck buyers in Europe will find incredible value opportunities going forward....(that's assuming there are a lot of truck buyers....</crosses fingers>)