ACT Maintains Outlook, Despite Class 8 Softening

May 14, 2012
The March and April softening in Class 8 truck orders to “below expectations” was insufficient to cause ACT Research to lower its build and sales forecasts

The March and April softening in Class 8 truck orders to “below expectations” was insufficient to cause ACT Research to lower its build and sales forecasts.

In its May issue of the ACT N.A. Commercial Vehicle OUTLOOK, ACT Research continues to believe that U.S. economic activity in 2012 will expand at a moderate pace of 2.2%, with slow employment growth acting as a brake on more robust growth. Inflationary pressures are expected to hover in the 2% area.

“Because the 2012 forecast was already discounted for risk, and because industry backlogs are large, we remain comfortable with our 2012 forecast,” said Kenny Vieth, ACT’s president & senior analyst. Vieth cited healthy trucker profits, solid used truck values, an old fleet, and a clear path to continued profitability as factors supporting the forecast.

“Our expectations for the cycle peak in 2013 are shallower with stronger demand now stretching through 2014,” he added.

Related content: ACT stays bullish on Class 8 demand