728 banner ad
220 banner ad

Medium Duty Demand Slowed, while Class 8 Order Intake Improved in October

| November 5, 2019

North American commercial vehicle industry kicked-off ‘order season’ in an encouraging fashion

Preliminary North America Class 8 net order data show the industry booked 22,100 units in October, up 74% from September, while Classes 5-7 orders fell 12% m/m, to 16,400 units. Note that these numbers are preliminary. Complete industry data for October, including final order numbers, will be published by ACT Research in mid-November.

 “The North American commercial vehicle industry kicked-off ‘order season’ in an encouraging fashion, with preliminary order activity rising to a six-month high in October,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “Class 8 orders were the star of October, rising to an 11-month high. While freight market conditions remain weak, the market is arguably benefiting from a substantive change in the ‘must-have’ tractor spec: AMT, ADAS, and superior fuel economy are considerations to offset weakness in the top-line.”

Regarding the medium duty market, Vieth explained, “The fade that started in medium-duty orders during the summer lingered into the start of Q4, and if the preliminary order read stands as printed, October will represent a 40-month order low.”

Category: Featured, General Update, News

Comments are closed.