Commercial vehicle marketrecovery likely to be slow

Published Monday, November 16, 2009

While the medium- and heavy-duty commercial vehicle markets are beginning a slow recovery from the lowest level of production since 1991, significant headwinds remain for the sector to return to normal replacement level demand, according to ACT Research Co (ACT). In the latest release of the North American Commercial Vehicle Outlook, ACT predicts quarterly production rates for Class 8 vehicles will grow more than 20% on a year-over-year (y/y) basis in each quarter of 2010, but will not reach replacement level rates until early 2011. Medium-duty truck (Classes 5-7) production, which is largely tied to health of the ...

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