June slow for Class 8 orders
In the Class 8 market, weak orders persisted through June, while activity in the Classes 5-7 markets remained generally unchanged.
This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by Americas Commercial Trucking (ACT) Research Co. The report covers Class 5 through 8 vehicles for the North American market.
“Class 8 backlogs continue to be consumed at a rapid rate,” said Kenny Vieth, president and senior analyst at ACT. “With the order shortfall and backlogs becoming increasingly tight, most near-term build plans have been adjusted downward.”
Meanwhile, Vieth said that Classes 5-7 orders in June remained consistent, but there is very little backlog cushion if orders slow from current levels.
For more information visit http://www.actresearch.net.