COLUMBUS, Ind. – The heavy-duty trucking sector, primarily driven by freight hauling demand, is still poised for strong production growth in 2011, according to ACT Research Co., although a strong rebound in North American production of medium-duty trucks is being constrained by continuing weakness in the housing and construction sector.
The heavy-duty (Class 8) forecast stayed virtually unchanged and calls for year-over-year production growth of 26 percent in 2010 and an additional 57 percent in 2011, according to the latest release of the ACT North American Commercial Vehicle Outlook.
However, ACT projects full-year production of medium-duty (Class 5-7) vehicles will be up 12 percent compared to 2009and accelerate only to 18 percent year-over-year growth in 2011. The 2011 medium-duty forecast was reduced by approximately 10 percent.
“In aggregate, the medium-duty sector has had four months of improving fundamentals,” said Steve Tam, vice president-commercial vehicle sector with ACT Research. “However, when segregated, consistent but slow growth in the truck segment has been masked by short-term surges in either buses or recreational vehicles. With the housing recovery expected to be veryprotracted, the truck segment will be slow to reach pre-recession levels,” added Tam.
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ACT is a leading publisher of new and used commercial vehicle (CV) industrydata, market analysis and forecasting services for the North American market, as well as the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.
For more information on ACT, go to their website at http://www.actresearch.net.
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