A commercial vehicle is a type of motor vehicle that may be used for transporting goods or passengers. The European Union defines “commercial motor vehicle” as any motorized road vehicle, which by its type of construction and equipment is designed for, and capable of transporting.
COLUMBUS, Ind. — A preliminary reading of commercial vehicle net orders in June for North American markets indicated continued strength in demand for medium and heavy-duty vehicles according to ACT Research Co.
When final June data are released in mid July, North American Class 8 orders are anticipated at 21,200 units and Classes 5-7 orders at 14,600 units. In both markets, the current period of stronger demand stretches back to the fourth quarter last year. Preliminary net order numbers are subject to revision and are typically accurate to within 5 percent plus or minus.