Compared to the feedback we gathered in 1Q (see our Feb trip takeaways) and 2Q (see our Jun trip takeaways), we are of the view that industry participants continue to raise their 2025 full-year volume outlook, now expecting HDT domestic sales volume to be within the range of 700k-800k units (vs. GSe: 757k units, see our latest industry forecasts) as the positive impact from the equipment upgrade program turned out to be stronger than expected. That said, no one seems to have a strong view on the demand in 2 ...