Q1 result proves attraction of ME tractor head
MAN Middle East has registered a 40% sales increase in the first quarter of 2014 for the truck segment, proving the value of the new Middle East-specific tractor head launched last year at the Big 5 in Dubai.
In March this year, the company recorded its highest sales in the region since 2008. Major orders included a sale of 150 heavy MAN TGS WW 40.440 6×4 tractor heads that month to UAE-based construction company Saif Bin Darwish, an order alone worth $13.7 million(EUR 10m).
And with sales lagging globally for MAN, the group’s sale revenue declining by 13% in the first three months, the Middle East is playing an increasingly important role for the truck maker.
Currently, the Middle East contributes 9.3% of the global sales volume of trucks (in units) compared to 6.1% in 2013. The region also contributes 7.8% of the global order intake volume of trucks (in units) compared to 6% in 2013. These figures emphasize the growing significance of Middle East operations for the MAN Group, said David Van Graan, Head of MAN Center Middle East and Vice President Sales and Marketing.
“We are very pleased to report a robust performance for MAN in the Middle East for Q1 2014. In March, we recorded the highest sales since 2008, which is a clear indicator for the recovery of major economies in the Gulf such as UAE, Qatar, Oman and Saudi Arabia.
“Our team across the region has performed admirably and our customers have appreciated the innovative and diverse product range & services that MAN delivers We have consistently maintained a proactive environment of close cooperation and constant communication with our customers which have enabled us to be a true transportation partner in order to ensure their success.”