Class 8 retail truck sales and builds are starting the summer at near-record high levels, but evidence supporting a change in direction continues to accumulate, according to ACT Research’s recently released “Transportation Digest.” At the same time, the medium-duty market was a study of contrasts in April, even as new trailer orders fell to a nearly two-year low.
The report also suggests that the US economy will decelerate from the 2018 tax-cut-boosted vigorous growth of 2.9 percent to a real GDP forecast average of 2.4 percent this year and slightly below 2.0 percent next year.
“The key message that has dominated our Class 8 outlook remains unchanged: The heavy-duty market is now at the inflection point we have been anticipating and signs of decline will become apparent as we move through 2019’s second half,” says Kenny Vieth, ACT president and senior analyst.
“Regarding other commercial vehicle segments, we saw medium-duty build and sales falter sequentially in April, though longer-term comparisons remained positive, with orders growing month-over-month, but remaining below build rates in the longer term. Trailer volumes continued to be uninspiring in April, with new orders down 6.0 percent sequentially.”
