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ACT Research recently held its 74th seminar on the forecast for commercial vehicles in the United States titled „Market Vitals: The Current & Future Health of the Industry.“ The event in Columbus, Indiana, brought together industry professionals from across the sector to discuss the current and future state of the industry.
Economic outlooks and challenges
On the second day of the seminar, an economic panel took place featuring David Teolis, Chief Economist at ACT Research, Mazen Danaf, Senior Economist at Uber Freight, and Patrick Manzi, Chief Economist at NADA. Teolis presented ACT Research’s forecasts, which anticipate strong growth in the first half of the year. However, this growth is focused on investments in artificial intelligence and high-income consumers. At the same time, employment growth remains low, while inflation could drop to 2% and the Federal Reserve might lower interest rates by 50 basis points.
In addition to the economic outlooks, analysts from ACT Research, including Tim Denoyer, Ken Vieth, Carter Vieth, Steve Tam, and Jennifer McNealy, presented current market data and forecasts for various vehicle classes. The analyses covered freight, Class 8, as well as Classes 5-7 and trailers. „The freight order cycle is on the verge of a turnaround. Capacity contraction should drive demand. Tighter capacities plus the longest downturn of this century mean a shift from late to early cycle,“ said Denoyer.
