Class 8 net orders surge, commercial trailer orders stay strong in January
March 11, 2011
COLUMBUS, Ind. -- Net orders for Class 8 vehicles continued to surge in January and, despite a modest falloff, commercial trailer orders remained strong, according to ACT Research Co. (ACT). Continued strong demand for equipment indicates...
COLUMBUS, Ind. — Net orders for Class 8 vehicles continued to surge in January and, despite a modest falloff, commercial trailer orders remained strong, according to ACT Research Co. (ACT). Continued strong demand for equipment indicates trucking fleets are ramping up replacement of vehicles, which has largely been deferred the past two years, ACT officials said.
The latest release of the ACT North American Commercial Vehicle OUTLOOK shows a continued economic recovery supporting the current order trajectory. ACT says this suggests its forecasts for rising commercial vehicle production through 2011 and into 2012 are on track.
“The initial wave of data for February reinforces our assessment of the January figures and enhances our belief that a self-sustaining recovery is underway in the USA,” said Sam Kahan, ACT’s chief economist. “We expect 2011 real GDP growth to average 3.5% on a year-over-year basis; this is toward the upper end of the forecasters range.”
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