HD commercial vehicle orders rise in January
A preliminary reading of heavy-duty Class 8 commercial vehicles net orders for North American markets rose to 27,300 units in January, according to ACT Research Co. The January order volume represents an increase of 320% compared to January 2010. Preliminary net order numbers are subject to revision and are typically accurate to within plus or minus 5%.
“The industry began 2011 where 2010 left off,” says Kenny Vieth, ACT president and senior analyst. “After ending 2010 with three strong order months, the trend continued into January. Over the past three months, Class 8 orders have been booked at an annualized rate of 320,000 units."
Vieth says the uptick in orders continues to restock industry backlogs, which will set the stage for significant production increases throughout 2011.
For more information on ACT, visit http://www.actresearch.net.