COLUMBUS, Ind. — A number of freight transportation and commercial vehicle market factors are aligning and setting the stage for continued improvement in demand for heavy-duty vehicles in the second half of 2010 and into 2011, according to the market analysts at ACT Research Co. (ACT).
In the latest release of the North American Commercial Vehicle Outlook, ACT projects full-year production of heavy-duty (Class 8) vehicles will be up 26 percent compared to 2009. The forecast for medium-duty vehicle (Classes 5-7) production remains at 12 percent year-over-year growth as the housing and construction sectors struggle to regain footing.
“Key building blocks to support improved demand for heavy-duty commercial vehicles are coming into alignment,” said Kenny Vieth, senior analyst and partner with ACT Research. “On the transportation side, all major freight indicators are solidly positive, which has allowed truckload hauling capacity to tighten rapidly. This in turn is allowing freight rates to rise and sets the stage for materially stronger trucker profits. And with used truck values steadily rising, trucking companies are now in a good position to replace an aged fleet.”
ACT publishes new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China CV market.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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