Falling Class 8 cancellations signal demand
Class 8 orders rose above 20,000 units for a sixth consecutive month in March, 2013, but fell sequentially for the first time since November, 2012. March Class 8 net orders totaled just over 22,000 units.
Medium-duty net orders totaled 15,400 units, a volume just below February and year ago March levels. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by Americas Commercial Trucking (ACT) Research Co. The report covers Classes 5 through 8 vehicles for the North American market.
“Reflecting healthy economies and perhaps currency strength, Class 8 orders bound for Mexico and Canada rose to levels last seen in late 2011,” says Kenny Vieth, ACT’s president and senior analyst.
“Positively, cancellations fell to their lowest levels since Q3’10 for the second time in the past three months. Declining cancellation trends in the U.S. and Canada bode well for the future.”
Underlying MD vehicle demand, stronger bus and RV orders month over month and year over year offset a pullback in step van orders. Classes 5-7 truck orders were flat from February to March.
For more information on ACT, please visit http://www.actresearch.net.