Class 8 Orders Disappoint, Medium Duty Demand on Gradual Rise
According to ACT Research, after a high-side surprise in October, Class 8 orders provided some low-side disappointment in November with medium duty on the gradual rise.
For the month, new and net orders were 22,231 and 21,255 units, respectively. Classes 5-7 orders totaled 18,407 units, up 28% year over year.
“Class 8 orders for the U.S. and Canada have generally out-performed their year ago results,” said Kenny Vieth, president and senior analyst at ACT Research. “In contrast, export orders have fallen 26% year over year and orders for Mexico have slowed sharply in the year’s second half,” he added. “For medium duty, November is typically a weak order month, but seasonally adjusted November orders of 19,100 units were the second best volume this cycle.”
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: http://www.actresearch.net.
Category: Featured, General Update, Vehicles
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