Ouch, Class 8 Orders Drop 16% M/M, 39% Y/Y

Sobering news on commercial vehicle orders as Class 8 orders in April dropped 16% month over month and 39% year over year, to a total of 13,676 units.

Medium duty net orders were a bit better and totaled 20,880 units, down 7% month over month but up 16% from April 2015.

“For Class 8, U.S. tractors and the Canada market continue to represent the weakest market segments, while orders from Mexico remained the brightest spot,” said Kenny Vieth, ACT’s President & Sr. Analyst “Cancellations dropped to a 23-month low, however. April was the third consecutive month in which cancellations and the cancellation rate declined,” he added

Vieth said that strong order activity continued across the medium duty Classes 5-7 market in April. “Stronger build than orders in April reduced backlogs, but despite the healthy order trend, backlogs continue hand-to-mouth.”

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