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.
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.