Class 8 February Orders Way Up
In the latest sign of an accelerated economy, ACT Research has reported that Class 8 net orders in February were up 30% y/y and Classes 5-7 net orders were up 18%.
“Heavy-duty orders were strong, but retail sales were outstanding,” said Kenny Vieth, president and senior analyst at ACT Research Co., LLC.
“Whether it was tight capacity driving truckers to market early, or the inability of the OEMs to make dealer deliveries in January, February’s Class 8 retail sales volume, when seasonally adjusted, was a two-year high of 24,600 units.”
Vieth said that MD demand also continues strong and that in February “Classes 5-7 net orders rose to their third highest volume this cycle.”
Category: Featured, General Update, Management, Vehicles
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