May Preliminary Class 8 Orders Steady at Strong Levels
According to ACT Research, Class 8 preliminary net orders of 23,300 were a virtual carbon copy of April, and preliminary net orders for Classes 5-7 at 16,700 units were also in line with the previous month’s tally.
Final numbers will be released mid-June. The preliminary net order numbers are typically accurate to within 5% of actual.
“May typically represents the start of the slower order season for Class 8. As such, seasonal adjustment pushed May’s order number above the recent trend to 24,300 units,” said Kenny Vieth, president and senior analyst, ACT Research. “The preliminary volume for Classes 5-7 represents a 12% increase compared to last year. With a low but positive factor, seasonal adjustment gave a modest boost to the May order tally at 17,200 units,” he added.
ACT is the recognized leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community. For more information on ACT, please go to our web site at http://www.actresearch.net.
Category: Featured, General Update, Vehicles
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