What is commercial vehicle forecasting?
Forecasting, or a commercial vehicle forecast, is the predicting or estimating of the commercial vehicle (Classes 5-8 Trucks) over the next one to five years.
Forecasting, or a commercial vehicle forecast, predicts or estimates the commercial vehicle (Classes 5-8 Trucks) over the next one to five years. Forecasting combines national economic analysis (including trade, regulations, and the political environment) and industry-specific analysis. The objective of a forecast is to benefit the manufacturers, suppliers, and investment institutions of the commercial vehicle market to better plan for the next one to five years. Forecasts are often utilized for budgeting and sales projections, allowing organizations to plan for potential changes or challenges in the market.