ACT Research: Forecasting Accuracy Top-Notch

COLUMBUS, IN – ACT Research, the leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market, has earned recognition for its forecasting abilities.

In January 2015, the Wall Street Journal invited ACT Research to join its consensus economic survey. The WSJ’s Economic Forecast panel is a group of over fifty leading forecasters and analysts. Every month the panel provides an outlook for over 20 major economic indicators and major policy questions.

This honor was added to one received in Q4’13, when ACT joined the prestigious group of forecasters who contribute to the Blue Chip Economic Indicators, a panel of fifty of America’s top economists.

Ken Vieth, ACT’s Sr. Partner and General Manager, said that ACT has a history of forecast accuracy. “Examining 2014 market actuals and ACT Research’s forecasts in the three years leading up to December, 2014, ACT won the Triple Crown in accuracy for N.A. Class 8, U.S. trailers, and N.A. Classes 5-7 when benchmarked against peers.” See graphs below.

“Over the last three years, all vehicle forecasts were within 10% of the final results, with Class 8 within 5% of the outcome in most months dating from January 2012 to December 2014, or 36 months out. We believe no other forecaster can make that claim,” said Vieth.

ACT Research Build and FS ForecastsACT also added strength to an already-strong team in 2014 by adding Jim Meil, one of the most respected analysts in the industry. Jim is ACT’s Principal, Industry Analysis.

ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China. For more information on ACT forecasting record, please visit our website at www.actresearch.net.

 

Class 8 Build Forecasts