Class 5-8 April Preliminary Net Orders Point to Another Month on Trend
According to news from Act Research, North American Class 8 preliminary net orders of 23,300 represent a continuation of the narrow order trend that has been in place since last October.
Over those seven months, orders have fallen no lower than 20,100 units and no higher than April’s expected 23,300 units. In similar fashion, Classes 5-7 preliminary net orders of 15,800 are in line with the 3 month order trend. Final numbers will be released mid-May. The preliminary net order numbers are typically accurate to within 5% of actual.
“April’s Class 8 preliminary net orders were up sequentially and year over year,” said Kenny Vieth, president and senior analyst, ACT Research. “April was the third consecutive month of positive y/y comparisons. While April’s Classes 5-7 volume was down from year-ago levels, the 3-month order average is running slightly ahead of the year-ago comparison,” he added.
ACT is the recognized 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 China CV market. 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. For more information on ACT, please go to our web site at http://www.actresearch.net.
Category: General Update, Vehicles
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