COLUMBUS, Ind. — A nine month run of increasing order backlogs for Class 8 trucks ended in June, with demand easing slightly, according to the latest ACT North American Commercial Vehicle Outlook.
The industry forecaster said the backlog growth ended as new Class 8 orders eased in June.
While economic weakness hasn’t translated into order cancellations, ACT indicated it has slowed build rates.
“The US economy is growing at a very slow pace, and is more susceptible to shocks, both internal and external,” said Sam Kahan, ACT’s chief economist. “We’ve reduced our estimate of future economic growth, which results in a reduction of our Class 8 projections for this year as well as 2012. Even though long-term demand factors continue to be solid, the economic pressures in the short and intermediate terms cannot be overlooked.”
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