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ACT Research: Current Class 8 Story Is Big Backlogs, Slowing Orders

Posted by Jennifer McNealy on Mar 20, 2019 10:15:21 AM

In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that recently softer Class 8 orders are attributed to backlogs that are still out about 10 months: Many of the orders normally booked in the year’s first quarter were actually placed in the rush to get into the queue in the second half of 2018. The report provides monthly analysis on transportation trends, equipment markets, and the economy.

ACTSeminar57_28“The rolling-over of ACT’s dashboard guidance suggests today’s order weakness will transition from ‘too much backlog’ to an equipment supply-freight demand imbalance in the near future,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “That said, heavy commercial vehicle markets continue to benefit from key triggers, including still-strong freight rates (being marked-down from record levels) and new technologies, like better fuel efficiency and safety technologies, as well as increased demand generated in the trailer segment for drop-and-hook to keep drivers moving.”

CLICK HERE for more information about ACT’s Commercial Vehicle Dealer Digest.

ACT’s 60th seminar is scheduled for March 25-27, 2019, and will feature a trucker/fleet panel, as well as discussions on near-term demand of commercial vehicles and the impacts of emerging technologies on change in the North American commercial vehicle industry.

CLICK HERE for information about ACT's 60th Seminar.

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Topics: CV Dealer Digest, Press Releases

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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