Trailer Price Rises Inevitable, Schmitz Says

Despite signs of life in market conditions, leading trailer maker Schmitz Cargobull warns that trailer prices are likely to rise across Europe in the coming months, according to Transport News Brief.

The firm says aluminum, plastics and oil are among raw materials whose costs are spiraling. While Schmitz says it has sought to absorb these increases by making efficiencies, "a point has been reached" where "some price adjustment" is inevitable.

Though there are signs that the transport market is recovering and demand for new vehicles is returning, Schmitz says an increase in the list prices of its new Cargobull curtainsided and refrigerated trailers may come in the second quarter of 2010.

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