Heavy-duty truck market view downgraded to Negative from Mixed at OTR Global

OTR Global downgraded its view of the heavy-duty truck market to Negative from Mixed, citing checks. Global market conditions in the heavy-duty truck market have deteriorated in the past 90 days for most dealers due to low freight prices in the United States, worsening economic conditions in Europe and unfavorable weather in Brazil, says the firm, whose checks show that U.S. and European dealers have lowered their sales outlooks for 2024 and 2025.