Heavy Duty Truck Orders Up 17%, Medium Duty Up 10% for 2013
Heavy Duty (HD) truck orders were up 17% and medium duty up 10% for the full year 2013, according to ACT Research.
December was the second biggest Class 8 order month since March 2006, with orders up roughly 50% month over month and year over year. Meanwhile, medium duty December net orders fell month over month; but year-over-year orders were mixed, with Classes 6-7 rising 20% and Class 5 orders falling 16% against tough comparisons.
“The U.S. and Canada did the ‘heavy lifting’ for Class 8 orders in December, while Mexico and non-NAFTA orders moved sideways at low levels,” said Kenny Vieth, president and senior analyst at ACT Research Co., LLC. “Strengthening domestic demand has been supported in the second half of the year by improving economic activity that has translated into improved profits for truckers,” he added.
“The softness in December’s Classes 5-7 orders is viewed as a temporary pause following two very strong order months for medium duty.”
More info at: www.actresearch.net.
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Category: Featured, General Update, Vehicles
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