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ACT Research: Demand Strength and Stagnating Freight Growth Continue for North American CV Industry

Posted by Jennifer McNealy on May 16, 2019 5:35:42 PM

According to ACT Research’s (ACT) latest State of the Industry: Classes 5-8 Report, April’s Class 8 metrics generally aligned with expectations, with the lone exception of cancellations, which continued to trend lower.

ACT Seminar_86“Data continue to tell the same stories we have been reporting. First and foremost, the story remains one of current demand strength: The backlog remains jam-packed and robust retail sales highlight good follow-through on all those orders that were booked in the last half of 2018,” said Kenny Vieth, ACT Research’s President and Senior Analyst. He added, “The second story starts with those softening freight metrics, pivots on robust build and sales, and ends with the reality of a record new Class 8 inventory. In short, freight growth is stagnating, even as Class 8 population growth is accelerating.”

Regarding the medium duty markets, Vieth commented, “Medium duty metrics remained in-line with expectations again in April, as most metrics were close to their prevailing trends.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. More information can be found at www.actresearch.net.

Click here for more information about ACT’s State of the Industry: Classes 5-8 Report.

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ACT’s 61st seminar is scheduled for August 12-14, 2019, and will feature a dealer panel, as well as discussions on near-term demand of North American commercial vehicle markets and the impacts of tomorrow’s technical challenges. A global forecasting workshop is also being planned in conjunction with this semi-annual event. Click here for seminar information.

Topics: Classes 5-8, 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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