ACT: Class 8 Supply Continues to Rise Faster than Demand
JAN 14, 2016 - 6:41 am
The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research.
According to Steve Tam, ACT’s vice president of the commercial vehicle sector, in December, the capacity index (supply) rose faster than the freight index (demand) for the fourth consecutive month and the tenth time in the past 12.
“We have to go back to the second half of 2012 to find a comparable period of imbalance – a period marked by anemic economic growth and strong U.S. Class 8 retail sales,” Tam said. “Truckers have caught on to the fact that there is excess freight hauling capacity in the market and have started curtailing their purchases accordingly. Sales are likely to continue on a downward trajectory until the oversupply of trucks is consumed.”
ACT is a publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.
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