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UPDATED: Commercial vehicle demand continues to weaken
Tractor and vocational demand continued downward trend in June and July
Class 8 orders plunged 35% year over year
ACT Research cites weak fundamentals and impact of tariffs as factors
Class 5-8 orders down 39% y/y
June preliminary NA Class 5-7 orders at weakest since pandemic
May Class 8 orders down 45% y/y
Decline on both a monthly and annual basis attributed to weak fundamentals and broad uncertainty
March Class 8 orders down nearly 6%
“Increasingly pessimistic outlook” may be prompting order cancellations