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The most recent data continues to reflect improved demand across all segments of the heavy-duty commercial vehicle market. Fundamentals, including pent-up demand resulting from deferred replacement, tight freight-carrying capacity, improved fleet financial performance and some easing in credit availability, will combine to support an up-cycle for the market, according to ACT Research Co. (ACT). Class 8 net orders continue at a strong pace, and after a slight pause in January, commercial trailer orders have returned to a solid growth trajectory.
The latest release of the ACT North American Commercial Vehicle OUTLOOK reflects the impact of a U.S. economic recovery proceeding at a slow, but self-sustaining pace. This economic outlook, combined with recent market performance, suggests that ACT's forecasts for rising commercial vehicle production through 2011 and into 2012 are on track.
"While some growing pains are occurring as the industry ramps up to meet the widespread increase in demand, the commercial vehicle market will continue at a solid pace," said Sam Kahan, ACT's chief economist. "'Our outlook is for 2011 real GDP to grow 3.0 percent on a year-over-year basis. While this is slightly less than previously thought, it is in line with most forecasters," added Kahan.
ACT is the worldwide leading publisher of commercial-vehicle (new and used) 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. 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.
Source: ACT Research
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