Trucking, commercial vehicle sectors continue rebound

Posted on 19 May 2010 by Rhonda Flathman

The latest North American Commercial Vehicle Outlook from ACT Research suggests increased Class 8 production in 2010 and 2011. Buoyed by a stronger economy and tightening capacity, Class 8 truck production is predicted to show a 19 percent year-over-year increase this year, followed by an anticipated 67 percent year-over-year climb in 2011. Though the projected growth is still well below replacement level demand, according to ACT Research officials, they say anecdotal evidence suggests many fleets’ desires to replace idled and aging equipment.

A strengthening North American economy and rapidly tightening capacity in the truckload sector are setting the stage for significant demand for new equipment in 2011, according to ACT Research.

In the latest release of the North American Commercial Vehicle Outlook, ACT increased its forecast for heavy-duty (Class 8) vehicle production by 6,000 units, boosting year-over-year growth in 2010 to 19%.

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