Christopher Macgowan Start Quotations

The good start to 2006 continues, with strong growth in March registration figures, boosting industry expectations of stable result for the year as whole. 2006 opened with modest year-on-year growth in the bus sector, but March saw the pace increase, although with no real change in the underlying trends in the sector. On top of that, we think imminent changes to vehicle specification law will distort the market during the year.

However, a reasonable March cannot mask the poor start to the year, and 2006 will continue to be a challenge for the industry as we fight for every sale.