Class Preliminary 8 Net Orders Strong in a Historically Weak Month
Demand for commercial vehicles remained at healthy levels in July as 45,400 total NA Classes 5-8 orders were booked in what historically has been a weak month.
In the ten months since the start of stronger orders last October, NA Classes 5-8 net orders have been booked at an average of 45,200 units per month.
Annualized, that represents a total Classes 5-8 order volume of 542,400 units, according to ACT Research.
“In July, historically the weakest month for order volumes, NA Class 8 net orders again rose above expectations to a six-month high 29,900 units,” said Kenny Vieth, ACT’s President and Senior Analyst.
“That volume marked an improvement of 12% from June and 70% compared to year-ago July,” said Vieth. “In addition to a continuation of the ongoing strong order trend, some of the non-seasonal strength in July might be related to the rapidly dwindling supply of available build slots in 2014.”
Concerning medium duty net orders, Vieth said, “July’s preliminary 15,500 NA Classes 5-7 net orders fell almost perfectly between the May and June volumes.
Category: Featured, General Update, Management
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