Truck News

News

Commercial vehicle orders hold up in August despite economic reports

COLUMBUS, Ind. -- Commercial vehicle orders held up reasonably well in August despite a surge of bad news about the economy that led to a collapse in consumer confidence, according to ACT Reseach Co. (ACT). ACT's updated status of the...


COLUMBUS, Ind. — Commercial vehicle orders held up reasonably well in August despite a surge of bad news about the economy that led to a collapse in consumer confidence, according to ACT Reseach Co. (ACT). ACT’s updated status of the North America commercial vehicle market was included in its State of the Industry report, which covers Class 5 through 8 vehicles.

“The events that caused confidence to wane are still in play and are likely to haunt the economy in coming quarters,” said Kenny Vieth, president and senior analyst at ACT. “However, there was not any perceptible impact on the front-end of the commercial vehicle demand continuum. Medium-duty and heavy-duty vehicle orders rose above expectations during the month and cancellations remained modest.”


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*