Commercial Vehicle Orders Hold Up Despite Economy
Commercial vehicle orders held up reasonably well in August, despite a proliferation of bad news about the economy that led to a meaningful collapse in consumer confidence.
This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research. The report covers Class 5 through 8 vehicles for the North American market.
“The events that caused confidence to wane are still in play and are likely to haunt the economy in coming quarters” stated Kenny Vieth, president and senior analyst at ACT. “However, there was not any perceptible impact on the front-end of the commercial vehicle demand continuum.
Medium duty and heavy duty vehicle orders rose above expectations during the month and cancellations remained modest,” added Vieth.
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