Class 8 retail sales hit nine-month high
According to Americas Commercial Trucking (ACT) Research, although commercial vehicle orders slipped month over month in June, 2013, Class 8 net orders fell below 20,000 units for the first time since September, 2012, at 18,830 units. Classes 5-7 net orders also retreated, totaling just under 15,500 units.
“Positively, Class 8 retail sales, when seasonally adjusted, were at a nine-month high of 22,000 units. Through year-to-date June, sales have occurred at a seasonally adjusted annual rate of 249,000 units,” says Kenny Vieth, ACT’s president and senior analyst.
“Inventories were down 12,000 units from last June, and the inventory-retail sales ratio dropped to its lowest level, excluding the last two Decembers, since November 2011 at 47 days of supply at June’s sales pace.”
For more information visit www.actresearch.net.