Mack Trucks’ Slagle is Bullish on Class 8 Truck Market
Mack exectives (l-r) John Walsh, Jonathan Randall, and Denny Slagle. Photo: David Cullen
“>
Mack exectives (l-r) John Walsh, Jonathan Randall, and Denny Slagle. Photo: David Cullen
“>
CHARLESTON, S.C. The head of Mack Trucks regards the state of the heavy-duty truck market as solid. “Everyone in the industry has succeeded in bringing inventory down to safe levels,” Dennis Slagle, president of Mack Trucks and Volvo Group executive vice president, said at a May 18 media briefing here.
“[Class 8] inventory industry-wide is now at a level that we can look forward to factories building for demand,” he continued. Slagle said the upshot is that this year Mack is forecasting North American truck sales of 215,000 units.
While he allowed that would be down from last year’s total of 243,000, he said it reflects “the industry looking to adjust to true market conditions.” What’s more, he said that “the underlying demand is healthier now than what we saw last year, so we see the market leaving 2017 in a stronger way.”
Along with the inventory correction, Slagle said he’s pinning hope on President Trump holding true to his promise to foster policies favored by business interests. “We think, like everyone else, that the business-friendly environment of the Trump Administration— if he will get through the mismanagement he’s done of the bureaucracy— could be helpful [to trucking], such as with infrastructure [spending] and reducing regulations.”
Slagle also hit on the importance of boosting customer uptime for the OEM. “Our greater focus will continue on the service side of the business,” he said, noting that when he entered the truck side of the business, coming from Volvo Construction Equipment, he was “surprised we were not talking as much about service as other things, such as fuel economy.”
He said Mack has in recent years “taken steps to really help customers manage and increase uptime,” including working “to harvest opportunities not just …Read the rest of this story
