Route One Tracker

Industry Optimism

New Vehicle Sales:

• Operators’ optimism is clearly ebbing away as new vehicle sales in the sector for May plummet by 24.5% compared with April’s figures
• With just 391 vehicles (excluding mini-buses) sold by OEMs in the month attempts by companies to preserve their cash are having an impact through the supply chain
• Comes on top of some pretty tough trading conditions in the sector • Optare shares dropped a further 17% in June recovering slightly from a month’s low of 3.375 on 23 June, but still closing a full 85% down on prices from July 2008.