COLUMBUS, Ind. — ACT Research says the North American commercial vehicle market will remain weak until the second half of 2010.
The findings were included in its latest North American Commercial Vehicle Outlook report. The report suggests demand for new heavy- and medium-duty trucks will be down 45% for all of 2009 and will remain weak in the first half of 2010.
A rebound in Class 8 truck production is expected in the second half of 2010 and medium-duty demand is expected to follow a similar trend, but with weaker demand.
“The combination of over-capacity and slim profits in trucking will be enough to keep many companies on the sidelines for the next several quarters,” said Kenny Vieth, partner and senior analyst with ACT Research. “However, an aging fleet and pent-up replacement demand will begin to positively influence orders in the second half of 2010.”
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