Classes 5-8 Net Orders Decline for Third Consecutive Month

For the month of June, 34,600 Classes 5-8 vehicle orders were booked, down 14% from May and down 17% compared to June 2014. Note: these numbers are preliminary. Actual numbers will be published in mid-July.

Putting a positive spin on the situation, ACT Research’s Kenny Vieth noted that the company “believes the recent order decline is a reflection of meaningfully larger backlogs rather than any structural change in demand. Looking back one month to May, Classes 5-8 backlogs were 56,000 units, or 33% above their year-ago levels.”

“At 19,900 units, NA Class 8 orders were down 25% year over year to their lowest monthly net order volume since September 2013. However, starting in June, and for the next several months, seasonal adjustment becomes accretive to Class 8 order volumes,” said Vieth. “Seasonally adjusted, June’s order volume rises to 22,200 units – the best order month on a seasonally adjusted basis since April.”

“A large hiccup in medium-duty orders reduced the monthly net order volume to 14,700 units, well below the 19,300 units per month net order average experienced since last July,” said Vieth. However, medium-duty orders were down only 3% year over year, so there may be a growing seasonal consideration for softer results in June. Seasonal adjustment is positive in June, boosting orders to 16,000 units.”

Category: Featured, General Update