ACT Research: Class 8 Net Orders Up 36% Y/Y in April
According to ACT Research, Class 8 orders remained above 20,000 units for a seventh consecutive month in April, rising to their second highest volume in sixteen months.
April Class 8 net orders totaled just over 23,200 units. Medium duty net orders totaled 16,740 units, the best order volume in six months and the second best in the past twenty-six. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8 vehicles for the North American market.
Class 8 orders year-to-date bound for the U.S., Canada, and Mexico all continue to trend above year ago levels. Demand from Mexico is particularly strong,” said Kenny Vieth, ACT’s president & senior analyst. “Class 8 cancellations remained in record low territory in April, which is a positive indicator for stronger demand,” he added.
“As has been the case this cycle, backlogs for the medium duty market remain thin relative to build. Per-day build hit its second highest level in a year in April,” said Vieth.
About ACT Research
ACT is 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. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies. More information at ACT Research.
Category: Featured, General Update, Vehicles
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
