Commercial Business

April a strong month for Classes 5-8 truck orders

Posted on May 8, 2014

April 2014 North American Classes 5-7 net orders are expected at 17,800 units (±5%) and Class 8 net orders are expected at 24,400 units (±5%), when actual data are released mid-May, according to Americas Commercial Trucking (ACT) Research.

“Total NA Classes 5-8 orders totaled 42,200 units in April. While ranking as only the sixth best order month in the past seven, April was also the tenth best order month of the past eight years. Since demand ramped up at the beginning of Q4’13, total Classes 5-8 net orders have been booked at a 545,300 unit annual rate (499k SAAR),” said Kenny Vieth, ACT’s president and senior analyst.

Vieth added that for Class 8, the 24,400 NA net orders that were booked in April represented the lowest intake since November 2013. April’s orders were down 11% from March, and were up just 5% compared to a year-ago. That single-digit y/y gain was just the second in fourteen months of strong double-digit gains, Vieth added.

“Classes 5-7 saw strong orders continue through April. For the month, net orders rose 5% from April 2013, but fell to 2% from February to 17,800 units. Consistency continues to be a part of the MD vehicle order story: Over the past three, six and 12 months, orders have been booked at a 219k SAAR, a 209k SAAR and 209k units, respectively,” said Vieth.

For more information visit http://www.actresearch.net.

Related Topics: ACT Research, Class 8 Trucks, Classes 5-7 Trucks, Kenny Vieth

Comments ( 0 )
More Stories
News

Maxam Tire Launches E-Commerce Platform

Maxam Tire North America Inc. has increased its customer service staff and extended operating hours to support “the increasing demand for the full line of Maxam specialty tire products,” the company reports.

Alpio Barbara is Modern Tire Dealer's current Tire Dealer of the Year. Nominations for the next winner are due May 26.
News

It's Time to Pick the Next MTD Tire Dealer of the Year

What does it take to be Modern Tire Dealer's Tire Dealer of the Year? Business success, marketing know-how and industry expertise are the foundation. Community involvement and management skills are important, too. And our 2017 award brings something special to the recognition.

News

Price Hike Boosts Michelin's 1Q Sales

Net sales for Michelin Groupe were up 9.9% in the first quarter of 2017, led by early buying of tires ahead of the company’s price increase which went into effect April 1.

News

Find Out How Well Titan Did in 1Q on May 4

How did Titan International Inc. perform in the first quarter? Find out when the company releases its 1Q 2017 financial results on Thursday, May 4. A teleconference and webcast discussing the results will be held at 9 a.m. Eastern Time the same day.

News

Vipal Meets Customers in New Orleans

Vipal Rubber Corp. is displaying its recently-released, Alpine-symbol-certified VT220 tread at the North American Tire & Retread Expo in New Orleans.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!