ACT Research lowers Class 8 build forecast
“Despite the data that we use to gauge demand being nearly uniformly positive, Class 8 demand, as expressed by incoming orders, has hit a soft patch,” said Kenny Vieth, ACT’s president and senior analyst
The Trucker News Services
COLUMBUS, Ind. — ACT Research has lowered its Class 8 build expectations for the second half of the year due to continuing softness in demand, the firm reports in its June issue of the ACT N.A. Commercial Vehicle OUTLOOK. Expectations for medium-duty build were unchanged.
The trailer industry outlook was basically unchanged as orders and backlogs reached cyclical highs.
“Despite the data that we use to gauge demand being nearly uniformly positive, Class 8 demand, as expressed by incoming orders, has hit a soft patch,” said Kenny Vieth, ACT’s president and senior analyst. “Presently, the rewards of buying a truck are not sufficient to justify the financial risks. We believe the current weakness is centered in the credit-buyer side of the market. A continuation of reasonable freight growth, strong trucker profits, and healthy used truck prices are expected to support demand once the current period of uncertainty is worked through.”
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ACT publishes new and used commercial vehicle 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. http://www.actresearch.net.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
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