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Wednesday, July 24, 2024

ACT Research; 2012 Forecasts Maintained Despite Slow Orders in March and April

COLUMBUS, IN – ACT Research in its May issue of the ACT N.A. Commercial Vehicle OUTLOOK continues to believe that U.S. economic activity in 2012 will expand at a moderate pace of 2.2% with slow employment growth acting as a brake on more robust growth. Inflationary pressures are expected to hover in the 2% area. The March and April softening in Class 8 truck orders to “below expectations” was insufficient to cause the existing ACT build and sales forecasts to be lowered.

“Because the 2012 forecast was already discounted for risk, and because industry backlogs are large, we remain comfortable with our 2012 forecast,” said Kenny Vieth, ACT’s president & senior analyst. Vieth cited healthy trucker profits, solid used truck values, an old fleet, and a clear path to continued profitability as factors supporting the forecast. “Our expectations for the cycle peak in 2013 are shallower with stronger demand now stretching through 2014,” he added.

ACT is the worldwide leading publisher of new and used commercial vehicle (CV)
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 worldwide banking and investors. For more information on ACT, please visit   http://www.actresearch.net.