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ACT Research: May Commercial Vehicle Data Showing Pandemic’s Mark

June 18, 2020, 07:00 AM
Filed Under: Trucking

According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, the economy continues to re-open with some very big numbers being reported on easy comparisons, after falling sharply the past few months.

“Hand-in-hand with the re-opening, states across the country continue to reach new highs for COVID-19 cases. While we do not anticipate shutdowns á la April, the reacceleration in cases around the country is a reminder that the economic recovery currently underway is thin and heavily subsidized,” said Kenny Vieth, ACT Research’s President and Senior Analyst. “The pandemic’s stamp can be seen across May’s commercial vehicle statistics, with tepid Class 8 order activity, soft production and falling sales that illustrate weakness from the beginning to the end of the demand spectrum.”

Regarding the medium-duty markets, he commented, “We often note that the medium duty market is roughly half as volatile as the Class 8 tractor market, and that statement holds-up under the weight of COVID-19. Relative to heavy duty, the Classes 5-7 demand picture is comparatively restrained, with May’s orders rebounding from April’s worst-in-a-decade volumes.”

Vieth added, “Despite the sequential upticks, sales and build for the commercial vehicle sectors in May remained woefully behind those recorded a year ago.”

ACT’s State of the Industry: NA Classes 5-8 report provides a monthly look at the current production, sales, and general state of the on-road heavy and medium duty commercial vehicle markets in North America.

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