Class 8 commercial truck net orders for June were down 51 percent from last June due to a high cancellation rate
. According to the State of the Industry report by ACT Research, medium-duty orders were also low.

"In the heavy-duty market, new orders were at a six-month high, but an eight-month high in the cancellation rate brought net orders down closer to the recent run rate," said Kenny Vieth, partner and senior analyst with ACT. "Additionally, Mexico and Canada markets, which were not materially affected by the increased cancellation rate, posted their highest net orders since the market collapse last November."

"Medium-duty markets remain broadly weak, with even the bus market, which is usually more dependent on day-care graduates than the economy, under significant pressure," Vieth said. "Since we began tracking in 1990, there has not been a six-month period of order weakness to compare to the current period."

ACT publishes commercial vehicle industry data, market analysis and forecasting services for the North American market.

More info: www.actresearch.net.