ACT Research: Truck-demand cycle peak moving to 2014

March 12, 2012

ACT Research Co. (ACT) has announced it is shifting its long-term forecast for the commercial vehicle industry. “The cycle peak in 2013 has been adjusted downward,” according to the analysis and forecasting firm, “with stronger demand now stretching through 2014.”

“We believe that the economy should still be growing and generating freight in 2014,” said Kenny Vieth, ACT’s president & senior analyst. “There is a wide gap between new and used truck prices in a credit-constrained market. This suggests that the cyclical peak we would expect to see in 2013 is likely to be muted.

“Assuming the economy continues to expand,” he added, “the commercial vehicle cycle is likely to stretch longer than what we would typically expect.”

This shift in the demand cycle peak is detailed in the March issue of ACT’s North American Commercial Vehicle Outlook publication.

ACT is a worldwide leading 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.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!