North America Class 8 Build Plan Up in August
Fifty-nine percent of August’s North American Class 8 orders are scheduled for build this year, and the fill rates are generally in line with historical averages.
“Based on the build plans, Q4 was filled to 62% versus a historical fill rate of 69%,” said Tim Denoyer, ACT Research’s Vice President and Senior Analyst. He continued, “For Q1, the August-ending build plan fill was 29%, just ahead of the 27% fill rate average of the past 10 years.”
The North America medium duty build rate slowed again in August. Month over month, Classes 5-7 production declined 7%. “Medium duty production was still up 23% year over year,” noted Denoyer. He continued, “This is ahead of the year-to-date production growth rate of 4%, but set to slow into year-end.”
ACT is the 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 U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies. For more information on ACT, please visit www.actresearch.net.
Category: Featured, General Update, News
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