North American commercial vehicle orders held up reasonably well in August despite a proliferation of bad news about the economy that led to a collapse in consumer confidence, according to ACT Research Co.
ACT’s recent State of the Industry report covers Class 5 through 8 vehicle sales for the North American market.
“The events that caused confidence to wane are still in play and are likely to haunt the economy in coming quarters,” stated Ken Vieth, president and senior analyst at ACT. “However, there was not any perceptible impact on the front-end of the commercial vehicle demand continuum. Medium duty and heavy duty vehicle orders rose above expectations during the month and cancellations remained modest.”