COLUMBUS, Ind. — Industry forecaster ACT Research says while its forecasts for Class 8 truck and trailer production have stabilized, medium-duty production is set for further declines.
The latest North American Commercial Vehicle Outlook released by ACT shows that Classes 5-7 medium-duty production will be off 44% in 2009 before regaining half of that decline in 2010.
“Coupled with continued weak demand, the General Motors announcement to exit the space sent shock waves through the system,” said Steve Tam, vice-president, commercial vehicle sector with ACT Research. “Production will continue to be weaker into 2010 as GM inventories are worked off.”
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