Class 8 Truck Orders at 19,200 Units in March, down 10% Y/Y

ACT Reports “After coming in stronger than expected last month, SA Class 8 orders fell back within the 15-20k range, and have averaged 19,500 units ytd.”

Preliminary NA Class 8 net orders in March were 19,200 units, down 10% y/y (-19% m/m), while NA Classes 5-7 net orders were 18,600 units. Complete industry data for March, including final order numbers, will be published by ACT Research in mid-April.

“Given how robust Class 8 orders were into year-end and ensuing backlog support, coupled with increasingly cautious readings from the ACT Class 8 Dashboard (-6 on average ytd in 2023, vs. -3 on average from March-December 2022), we have expected SA orders in a range of 15-20k units per month into mid Q3’23,” shared Eric Crawford, ACT’s Vice President and Senior Analyst. “After coming in stronger than expected last month, SA Class 8 orders fell back within the 15-20k range, and have averaged 19,500 units ytd.”

He added, “Medium-duty demand declined y/y by double digits for the second consecutive month. March Classes 5-7 orders declined 15% y/y (+9% m/m) to 18,600 units. The seasonally adjusted March intake, at 16,900 units, declined 16% y/y (+6% m/m).”

Category: Cab, Trailer & Body, Equipment, Featured, General Update, News, Products, Vehicles