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
Jim Mayfield thanked Kumho dealers for weathering a lot of changes over the past year and a half, and said those changes were made with an intent to create stability for the brand.
News

Kumho Promises Dealers a Stable New Year

“Consistent. Stable. Dependable.” Those three little words detail the outlook and plan for Kumho Tire USA Inc. in 2017, says Jim Mayfield, national vice president of sales and marketing.

News

Titan Appoints Chief Financial Officer

The board of directors of Titan International Inc. has approved the transition of James Froisland from his position as interim chief financial officer to chief financial officer.

Kim Yong-Hak has been named a senior vice president at Hankook Tire Co.'s holding company, Hankook Tire Worldwide.
News

Hankook Names New Executives

Hankook Tire Co. Ltd. and its holding company Hankook Tire Worldwide are placing 19 employees in new executive roles effective Jan. 1, 2017, as part of efforts to increase competitiveness in the global top-tier tire market.

News

Bridgestone Targets Truck Tire Fuel Efficiency

Bridgestone Americas Inc. has joined the Cummins-Peterbilt SuperTruck II team with the U.S. Department of Energy (DOE) and will create prototype truck tires with the goal of reducing the environmental impact of the nation's 3.5 million Class 8 trucks on the road.

News

Two Tire Makers Earn SIMA Innovation Gold Awards

The top prizes for innovation awarded in advance of the 2017 Paris International Agri-Business Show (SIMA) were won by a pair of tire manufacturers — Michelin Groupe and Trelleborg Wheel Systems.

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!