Thank you very much.
Michael Muhlbaye
Our last question we have from Ranjit Unnithan.
Ranjit Unnithan - JPMorgan
Hi, this is Ranjit Unnithan with JPMorgan. I have two questions on Trucks and one on Cars. On Trucks could you comment about pricing I think, you may have mentioned some remarks earlier but how is pricing tracking in both the North American and European market? Second, what sort of order trends are you seeing in the fourth quarter, I guess we have one month down, are you seeing signs of similar sequential growth that you are seeing sort of from second to third quarter, also sort of extending into the fourth quarter.
And the last question, I have is on Cars. In terms of the -- I guess the mix of Cars that you are selling clearly you have a new model out there. Can you comment on the transaction prices or rather the increase in transaction prices that you are seeing for the E-Class? And also generally in terms of consumers coming back to sort of your higher price cars, has that been a noticeable trends? Has that sort of -- is that improving in terms of product mix for the next couple of quarters? Thank you.
Bodo Uebber
First to your question about Trucks. Trucks is -- pricing is more or less stable. So, there''s sometimes a little bit of up and down but it''s not worse so to say mentioning, which is good to of course that means, okay, it is a good situation especially the question was raised always in Europe whether we can have this price discipline which is right now quite okay.
Then you ask for the order intake trends fourth quarter, I do think what we can as a is in NAFTA, yes, there should be a further let''s say trends which we have seen in Q3 with regard to order intake, a little bit as we also stated EPA ''10 based. In Europe, I wouldn''t assume it, there of course, we will see what the markets in 2010 is doing. So, right now we also cannot confirm an increase in market in Europe in 2010. There might be even maybe a decrease. So, related to NAFTA, yes, the other areas we will see when with disclose it more or less. Then your question regarding, the third question was?
Ranjit Unnithan - JPMorgan
On Cars, I was asking if --
Bodo Uebber
Okay, sorry, of course it''s difficult to see from one month to the other to call a trend. I just see the only thing that we can say is right now that our new generation S-Class is doing well and that the whole E-Class family is with market shares of 40% in Europe and 60% in Germany is doing quite well and that should have a positive impact. But what we also see is that the segments are very far down. So, we are talking about lower level. But this of course, this development, I do think will stay as right now is minimum for the first quarter.
Ranjit Unnithan - JPMorgan
And on transaction prices anything you can offer there?
Bodo Uebber
Transaction prices I have said in a question before that our -- say kind of incentive spending went down in the third quarter and I mentioned here in the first half of the year we had the inventory, the high level of inventories and of course, now we have the positive impact of course of the new product family of the E-Classes.
Ranjit Unnithan - JPMorgan
Alright. Thank you.
Michael Muhlbaye
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