Commercial Business

Normally weak July strong for Class 8 orders

Posted on August 11, 2014

According to Americas Commercial Trucking (ACT) Research, demand for commercial vehicles remained at healthy levels in July 2014 as 45,400 total NA Classes 5-8 orders were booked.

In the 10 months since the start of stronger orders in October 2013, NA Classes 5-8 net orders have been booked at an average of 45,200 units per month. Annualized, that represents a total Classes 5-8 order volume of 542,400 units.

“In July, historically the weakest month for order volumes, NA Class 8 net orders again rose above expectations to a six-month high of 29,900 units,” said Kenny Vieth, ACT’s president and senior analyst.

“That volume marked an improvement of 12% from June and 70% compared to year-ago July. In addition to a continuation of the ongoing strong order trend, some of the non-seasonal strength in July might be related to the rapidly dwindling supply of available build slots in 2014.”

Concerning medium duty net orders, Vieth said, “July’s preliminary 15,500 NA Classes 5-7 net orders fell almost perfectly between the May and June volumes. The preliminary result is also middle-of-the-road in terms of comparisons: up 3% m/m, but down 4% compared to year ago levels, making a third consecutive below year-ago reading. Part of the recent occurrence of modest negative y/y comparisons can be chalked up to tough comps: the MD market began to strengthen appreciably starting in April of last year.”

For more information visit www.actresearch.net.

Related Topics: ACT Research, Class 8 Trucks, Kenny Vieth

Comments ( 0 )
More Stories
A special pre-event European Press Conference for Tire Cologne was staged by Koelmesse GmbH late last year.
News Tire Cologne Will Address Many Important Industry Segments

The Tire Cologne has posted a schedule of events for its first trade fair, to be held in May 29 through June 1, 2018, in Cologne, Germany. Although billed as "a trade fair for tires and wheels," it is really more than that, according to show organizers.

Adalino Figueroa is managing the new East Bay Tire service center in Yuma. He previously worked in sales of ag tires for BKT.
News East Bay Tire Opens A Service Center in Arizona

East Bay Tire Co. has established a permanent service location in Yuma, Ariz.

News Hughes Hopes to Put Cooper Tire's Weak 4Q Behind Him

Cooper Tire & Rubber Co. suffered through a fourth quarter highlighted by a net loss of $42.1 million, but still recorded a profit for fiscal 2017.

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!