According to ACT Research’s recently released Transportation Digest, Class 8 retail sales and build remain at cycle highs, but signs are multiplying that the market momentum will start declining during the second half of this year. At the same time, net trailer orders in March were the weakest order volume since July of 2017, as many OEMs continue to be unwilling to fully open 2020 orderboards.
The report, which combines ACT’s proprietary data analysis across a wide variety of industry sources to paint a comprehensive picture of trends in transportation and commercial vehicle markets, also suggests that US economic growth in 2019 remains positive, with growth decelerating from last year’s vigorous pace and expected to average 2.5% this year.
“The key message that has dominated our Class 8 outlook for months remains unchanged: The heavy duty market is now at the inflection point we have been anticipating,” said Steve Tam, ACT’s Vice President. He continued, “Regarding other commercial vehicle segments, we saw medium duty orders rebound in April, after a particularly weak March, while same dealer sales of used Class 8 equipment enjoyed increased activity in the short run, up 25% month-over-month.”
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.