Commercial Vehicle Demand Picture Stabilizing, FTR Associates Reports
Jun 30, 2009 10:27 AM
Orders for heavy-duty commercial vehicles are coming in as anticipated, according to the latest edition of FTR Associates’ North American Commercial Truck & Trailer Outlook. As a result, FTR’s forecast for 2009 calling for a decline of almost 47% in Class 8 truck production remains unchanged.
The firm calls for a slow recovery to begin in 2010 that will regain some of the ground lost this year. However, 2010 production is still anticipated to be approximately 30% below 2008 levels.
“While the near-term picture is becoming clearer every day, there is an unusual amount of uncertainty with regard to 2011 and beyond,” says Eric Starks, President of FTR. “We are in an unprecedented economic situation where past performance does not necessarily provide relevant guideposts. The range of possible outcomes is still very wide, with either a continued slow recovery or a faster snap-back both quite possible. We are therefore urging our subscribers to remain flexible with regard to their 2011 planning at this time.”
The North American Commercial Truck & Trailer Outlook report features in-depth analysis of the Commercial Vehicle industry, including forecasts for Class 8 and medium-duty trucks, as well as semi-trailers. The analysis includes FTR’s unique “Economically Derived Demand” analysis, which looks beyond the current order activity to discern underlying equipment demand based on economic and freight trends.
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