Truck Market to Stay Weak until Second Half of 2010

The demand for new heavy- and medium-duty commercial vehicles is expected to be off around 45 percent for the full year 2009 and remain at weak levels through the first half of 2010, according to ACT Research Co. In the latest release of the North American Commercial Vehicle Outlook, ACT projects that Class 8 truck production will show only modest improvement through the first half of next year before rebounding in the second half.  Medium-duty trucks (Classes 4–7) are expected to take a similar trend, although not as strong as the heavy-duty segment. “The combination of overcapacity and ...

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