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Slow growth forecast for truck sales

Published Tuesday, October 13, 2009

Sales of new medium- and heavy-duty commercial vehicles are now projected to be at the start of a three-year period of slow yet steady growth, according to recent analysis by ACT Research Co. However, the Columbus, IN-based firm cautions that this recovery will remain stalled for a time until the trucking industry works its way through several issues. “Right now, the overall supply of trucks and freight demand are still not in equilibrium, and until that occurs, new truck sales will remain down,” Kenny Vieth, a partner and senior analyst with ACT ...

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