According to Americas Commercial Trucking (ACT) Research, April, 2014 North American Classes 5-7 net orders are expected at 15,900 units (±5%) and Class 8 net orders are expected at 25,900 units (±5%), when actual data are released mid-month.
“NA Classes 5-8 orders totaled 41,900 units in May. Since last October, when the current period of stronger orders began, total NA Classes 5-8 net orders have been booked at a 547,200 unit annual rate,” said Kenny Vieth, ACT’s president and senior analyst.
“Class 8 orders in May rose 4% month over month and 14% year over year. When seasonally adjusted, May was the strongest order month for Class 8 since February.”
Classes 5-7 saw orders cool in May to their lowest level since December 2013. Classes 5-7 net orders fell 27% month-over-month and 10% year-over-year. The month-over month number was against a tough comparison, since April’s orders were the best since early 2006.
For more information 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.