Forecasts for both heavy duty and medium duty vehicles remain basically unchanged from last month, according to the October issue of the ACT North American Commercial Vehicle OUTLOOK, published by ACT Research Co. (ACT).
“Although concerns about the forward movement of the US and world economies has intensified in recent weeks, we do not yet believe that a recession is inevitable or imminent,” said Sam Kahan, ACT’s chief economist. “Continued strength is being demonstrated in both the medium duty and heavy duty markets,” he added. “Class 8 orders rose above expectations in August while cancellations remained modest.”
For more information on ACT, visit http://www.actresearch.net.