Preliminary February HD Net Orders Up 30% Y/Y; MD Up 22%

Preliminary orders for Classes 5-7 net orders are expected at 19,600 units (±5%) and Class 8 net orders are expected at 29,200 units (±5%), when actual data are released mid-March, according to ACT Research.

This represents an increase of 30% and 22% year-over-year respectively.

“February’s Class 8 orders were the fifth best since Q2 2006,” said Kenny Vieth, ACT’s President and Sr. Analyst.

“Despite falling 16% from January, February’s net orders were up 30% compared to a year-ago. Since October, Class 8 orders have been booked at a 320k SAAR. Going even further afield, since the beginning of Q3’13, Class 8 net orders have been booked at a 299k SAAR,” Vieth added.

“Following two months of below trend order placements, Classes 5-7 net orders rose to their highest level cycle-to-date at 19,600 units. That volume represents an improvement of 14% from January and 22% compared to last February.

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