Class 8 preliminary orders rise in August
According to Americas Commercial Trucking (ACT) Research, August 2013 saw Class 8 orders rise to their highest level in three months with a preliminary reading of 19,500 units (+20%y/y).
The August seasonal factor is the third lowest in 2013. When applied, August’s seasonally adjusted (SA) Class 8 order total rises to 22,000 units. The August SA reading represents the third best order month in the past 20.
Coupling solid Class 5 performance with the best Classes 6-7 order month in over five years, preliminary August Classes 5-7 orders rose to 18,000 units. That aggregate volume was also the best in five-plus years (Feb. 2008).
“August is typically a strong month for medium-duty vehicle orders. As a result, seasonal adjustment causes a modest decline in the order total to 17,500 units, the third best SA order total since early 2008,” says Kenny Vieth, president and senior analyst for ACT Research.
For more information visit http://www.actresearch.net.