According to Americas Commercial Trucking (ACT) Research, February 2014 North American Classes 5-7 net orders are expected to be 19,600 units (±5%) and Class 8 net orders are expected at 29,200 units (±5%), when actual data are released mid-month.
“February’s Class 8 orders were the fifth best since Q2 2006,” said Kenny Vieth, ACT’s president and senior 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 that 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.
“MD orders over the past year can be characterized as ‘slow and steady wins the race.’ Since October, orders have been booked at a 211k SAAR, while going back to the beginning of Q3 ’13 produces a net order SAAR of 210k units. Over the 12 months ending February, 206k net orders were booked.”
For more information on ACT visit http://www.actresearch.net.
Bob Ulrich was named Modern Tire Dealer editor in August 2000. He joined the magazine in 1985 as assistant editor, and has been responsible for gathering statistical information for MTD's "Facts Issue" since 1993.