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Class 8 Orders Exceed 40,000 Units Again in June

| July 5, 2018

Volvo Manufacturing

Preliminary North America Class 8 net order data show the industry booked 42,200 units in June, exceeding 40,000 units for the fourth time in six months.

“Preliminary net order data indicate that demand for Class 8 trucks continued to be strong in June, improving 133% compared to year-ago June orders,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “As June is typically a weak order month, the robust actual order volume boosts June’s seasonally adjusted volume to the best of the cycle and second best of all time at 48,200 units. Through year-to-date June, Class 8 orders have been booked at a 492k seasonally adjusted annual rate.”

About medium duty orders, Vieth commented, “Solid medium duty activity continued in June, if below levels seen through Q1. For the month, preliminary NA Classes 5-7 net orders rose 23% y/y, to 26,400 units. With a favorable boost from seasonality, June’s seasonally adjusted order volume jumped to 29,100 units, bringing Classes 5-7 orders booked through the first half of 2018 to a 320k SAAR.”

 

Category: Featured, General Update, News

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