"Despite the economic uncertainty and considerable inflationary friction, North American commercial vehicle markets continue to perform at status quo levels," says Kenny Vieth, president of ACT Research.
"Persistent supply chain constraints are still limiting the industry's ability to raise production levels to align with demand. As a result, backlogs remain long and order volumes remain constrained due to 'within 12 months' order reporting ground rules."
Until truck build rates "find traction, orders are expected to largely mirror production levels."
