May Classes 8 Preliminary Orders Up, Classes 5-7 Down
May North American Classes 5-7 net orders are expected at 15,900 units (±5%) and Class 8 net orders are expected at 25,900 units (±5%), when actual data are released mid-month.
“NA Classes 5-8 orders totaled 41,900 units in May. Since last October, when the current period of stronger orders began, total NA Classes 5-8 net orders have been booked at a 547,200 unit annual rate,” said Kenny Vieth, ACT’s President and Sr. Analyst.
“Class 8 orders in May rose 4% month over month and 14% year over year. When seasonally adjusted, May was the strongest order month for Class 8 since February,” he added.
Classes 5-7 saw orders cool in May to their lowest level since last December. Classes 5-7 net orders fell 27% month over month and 10% year over year.
The month-over month number was against a tough comparison, since April’s orders were the best since early 2006.
Category: Featured, General Update, Vehicles
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