Capacity restrained by builds, not trucker demand: ACT
COLUMBUS, Ind. — The stage has been set for a long run-up in demand across the medium duty and heavy-duty truck and commercial trailer segments, reports ACT Research.
The most recent release of the ACT North American Commercial Vehicle Outlook reflects solid fundamentals supporting the upcycle in the commercial vehicle market.
These include improved fleet financial performance, some improvement in credit availability, as well as pent-up demand from long-delayed equipment replacements and upgrades across the entire fleet spectrum.
“While the pace of economic growth eased slightly in the first quarter of 2011, our forecast concludes that the US economy has shifted into a self-sustaining recovery mode," said Sam Kahan, ACT’s chief economist. “The recovery in the commercial vehicle sector is solidly underway, and the overall constraining factor for 2011 might actually be the industry’s ability to build rather than truckers’ demand for vehicles."
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