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.
“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.
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.