ACT Research: Class 8 demand continues to soften in September
Despite the softening market, truck orders are still up 11 percent over last year, according to a recent ACT Research report.
The Trucker News Services
COLUMBUS, Ind. — Class 8 new and net orders continued to soften in September as the perceived threat of bad economic news impacts potential truck buyers, according to ACT Research.
This market update was included in the “State of the Industry” report, recently released by ACT Research and covers Class 5 through 8 vehicles for the North American market.
“However, despite the constant barrage of conflicting economic news, truckers are still ordering and buying and OEMs are still building and selling,” said Steve Tam, vice president-commercial vehicle sector at ACT.
“Even with soft order intake and reduced build schedules, the industry is on track to produce 280,000 to 284,000 trucks in North America this year, an increase of 11 percent over 2011. It’s tough to stop the wheels of commerce from rolling.” Tam added that economic news is still taking its toll on buyers who appear to only show up at the last minute to order needed trucks.
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ACT is a leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies.
For more information on ACT, visit http://www.actresearch.net.
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