Heavy & Medium Duty At Three-Month High, Up 27% from Last Year
North American medium duty & heavy duty Classes 5-8 net orders improved to a three-month high in September, and hit a 27-month high when seasonally adjusted. Preliminary medium duty and heavy duty net orders were 43,500 units in September, up 27% year over year.
Seasonally adjusted, orders rose 8.7% month over month to 46,500 units,” said Kenny Vieth, President and Senior Analyst at ACT Research. He continued, “For 2017 year to date, orders after seasonal adjustment have been consistent, ranging from 41,400 units in May to September’s 46,500 units tally.”
Preliminary NA Class 8 net orders improved for the fourth consecutive month of order improvement after dropping in May, and represented a meaningful jump when seasonally adjusted. “For the month, orders rose 63% from easy year-ago comps to 22,600 units,” noted Vieth. He continued, “On what is typically the second weakest order month of the year, seasonal adjustment boosts September’s order performance to its highest level in over two years at 26,200 units.”
Preliminary North American medium duty orders improved in September, but remained below first half of the year activity levels.
For the month, preliminary data show net orders rising to a three-month high 20,900 units. “September orders were positive month over month, improving 11% from August, and eked out a small 2.1% gain year over year,” concluded Vieth.
Category: General Update, News
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