Analyst: Class 8 Market in Trouble

A key indicator seen by trucking industry analyst and forecaster ACT Research shows trouble in the Class 8 tractor market that ACT predicts will last through the end of this year.

Released recently as part of ACT’s Transportation Digest, the top line on the report’s Class 8 Tractor Dashboard dropped again in April. The report, which combines proprietary ACT data and analysis from a variety of sources, paints a comprehensive picture of trends impacting transportation and commercial vehicle markets, according to a release from ACT cited by Fleet Owner.

“The Tractor Dashboard result affirms the steady and steep erosion in prospective business conditions for Class 8 tractors that has been the rule through calendar year 2022. It is the first time the index has strayed into negative territory for two consecutive months since the Covid recession in April and May of 2020,” said Kenny Vieth, ACT’s president and senior analyst.

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Preliminary data earlier this month from both ACT and FTR Transportation Intelligence showed Class 8 orders dropping to their lowest level since November 2021.

Source: Fleet Owner