Class 8 net orders rise 29% y/y in May
Class 8 orders remained above 20,000 units for an eighth consecutive month in May, 2013, rising to their second highest volume in 17 months, according to Americas Commercial Trucking (ACT) Research Co.
New and net Class 8 orders were essentially flat at 24,218 units and 23,188 units, respectively while Classes 5-7 net orders totaled 17,088 units, the best order volume in the past eight months. The data was included in the State of the Industry report, recently released by ACT Research covering Classes 5 through 8 vehicles for the North American market.
“New orders being placed for Class 8 vehicles continue to come from soon-to-be buyers who are genuine in their need for new trucks,” says Steve Tam, ACT’s vice president, Commercial Vehicle Sector.
“Cancellations fell meaningfully in May, flirting with a new all time low. The lack of speculative orders bodes well for the industry as any increase in need for trucks will translate immediately into order activity.”
For more information on ACT, please visit www.actresearch.net.