Class 8 net orders rise 36% Y/Y in April
According to Americas Commercial Trucking (ACT) Research, Class 8 orders remained above 20,000 units for a seventh consecutive month in April 2013, rising to their second highest volume in 16 months.
April Class 8 net orders totaled just over 23,200 units. Medium-duty net orders totaled 16,740 units, the best order volume in six months and the second best in the past 26.
Class 8 orders year-to-date bound for the U.S., Canada and Mexico all continue to trend above year ago levels.
“Demand from Mexico is particularly strong,” says Kenny Vieth, ACT’s president and senior analyst. “Class 8 cancellations remained in record low territory in April, which is a positive indicator for stronger demand.
“As has been the case this cycle, backlogs for the medium duty market remain thin relative to build. Per-day build hit its second highest level in a year in April.”
For more information visit http://www.actresearch.net.