Heavy trucks orders weak in June
Date:2012-07-23 Author:Eric Source:www.chinatrucks.com
www.chinatrucks.com: In the heavy trucks market, weak orders persisted through June, while activity in the medium and heavy trucks markets remained generally unchanged, according to ACT Research’s “State of the Industry” report.
“Heavy trucks backlogs continue to be consumed at a rapid rate,” said Kenny Vieth, president and senior analyst at ACT said. “With the order shortfall and backlogs becoming increasingly tight, most near-term build plans have been adjusted downward.”
Vieth said that medium and heavy trucks orders in June remained consistent, but noted, “there is very little backlog cushion if orders slow from current levels.”
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