October Classes 5-8 Preliminary Orders Second Best Month Ever

Demand for commercial vehicles was robust in October as 67,900 total NA Classes 5-8 orders were booked, up 50% from a year ago.

Over the past twelve months, NA Classes 5-8 net orders have totaled 563,600 units, representing the strongest 12-month period of NA Classes 5-8 order placement since the twelve months ending January 2007.

“The 46,200 NA Class 8 net orders in October (43.2k SA) represent the convergence of a number of trends that continue to drive healthy order activity,” said Kenny Vieth, ACT’s President and Senior Analyst.

“Those trends include pent-up demand amongst small and medium fleets, superior new truck fuel economy, improved economic activity in key freight sectors, and most importantly, rising freight rates and fleet profitability,” he said.

Vieth said that October’s preliminary 21,700 NA Classes 5-7 net orders was the best MD vehicle order volume since April, up 14% compared to last October and up 11% sequentially.

Source: ACT Research

Category: Featured, General Update, Vehicles