Class 8 Truck Orders at 18,400 Units in January

ACT Research reports “Given how robust Class 8 orders were into year end, the relative pause in January is not surprising”

Preliminary NA Class 8 net orders in December were 18,400 units, while NA Classes 5-7 net orders were 17,800 units. Complete industry data for January, including final order numbers, will be published by ACT Research in mid-February.

“Given how robust Class 8 orders were into year end, the relative pause in January is not surprising,” shared Eric Crawford, ACT’s Vice President and Senior Analyst. “We note that over the final four months of 2022, nearly 159k Class 8 net orders were placed, +92% y/y, and only 8% below those placed over the same period in 2020. January’s orders represent the first y/y decline in five months (August).” 

He added, “MD demand was comparatively healthy. January Classes 5-7 orders rose 5% y/y (+2% m/m) to 17,800 units. The seasonally adjusted January intake, at 18,100 units, was +4% y/y (+12% m/m).”

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