ACT Research: Class 8 orders weak in June
With the order shortfall and backlogs becoming increasingly tight, most near-term Class 8 build plans have been adjusted downward, says ACT Research.
The Trucker News Services
COLUMBUS, IN — In the Class 8 truck market, weak orders persisted through June, while activity in the Classes 5-7 markets remained generally unchanged. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co.
“Class 8 backlogs continue to be consumed at a rapid rate,” said Kenny Vieth, president and senior analyst at ACT said, “With the order shortfall and backlogs becoming increasingly tight, most near-term build plans have been adjusted downward.”
THE RECENT INCREASE IN FREIGHT VOLUME MEANS NEW JOB OPPORTUNITIES ON GOTRUCKERS.COM. CLICK HERE FOR MORE DETAILS.
Meanwhile, Vieth said that Classes 5-7 orders in June remained consistent, but there is very little backlog cushion if orders slow from current levels.
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.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.