“Strength in June came from specialty trailers, with platforms posting a 42-percent m/m gain while liquid and bulk tanks both surged over 75 percent from May levels, said Frank Maly, director of commercial vehicle transportation analysis and research at ACT.
“The industry is also enjoying low cancellations, driven by firm fleet investment commitments,” he added. Maly noted that inventory rose 6 percent month over month, as tight capacity at the fleets continues to interfere with pick-up of new equipment, although he added that some progress is expected in upcoming months.
ACT publishes 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.
Source: ACT Research