Commercial net orders weak in November
North America heavy GVW Class 8 commercial vehicle preliminary net orders for November, 2011, are coming in well below October actuals. The data comes from the latest report from Americas Commercial Transportation (ACT) Research Co. LLC.
“We believe there was a pull-forward of demand in October to counteract the impact of price increases for the new model year,” said Steve Tam, ACT vice president-commercial vehicle sector.
“The underlying fundamentals in the heavy truck market remain healthy. Classes 5-7 preliminary net orders continue to flow in a very narrow band. As a case in point, when seasonally adjusted and annualized, the Classes 5-7 net order matched the YTD average.”
ACT says the final numbers, which will be released mid-December, will approach 20,700 units for heavy duty Class 8 trucks and 13,400 for medium Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual.
For more information visit http://www.actresearch.net.