March Class 8 net orders fall below February
According to Americas Commercial Trucking (ACT) Research, Class 8 net orders were above 20,000 units for a sixth consecutive month in March, 2013, but fell below February’s intake.
Classes 5-7 net orders were down month over month and year over year. The final numbers, which will be released mid-April, will approach 22,100 units for heavy duty Class 8 and 15,200 for medium duty Classes 5-7 vehicles and trucks. The preliminary net order numbers are typically accurate to within 5% of actual.
“While down month over month, March’s Class 8 net orders were up 10% year over year and were the fourth best in the past thirteen months,” says Kenny Vieth, president and senior analyst, ACT Research.
“For medium-duty, the tough year-over-year comparisons mask an otherwise solid order month. March’s medium-duty order volume was the fourth best in the past 20 months. Historically, March has been the second strongest order month of the year for MD vehicles.”
Vieth added that orders continue to track generally in line with expectations underlying the medium-duty and heavy-duty forecasts in ACT’s NA Commercial Vehicle Outlook report. As such, when the April Outlook report is released on April 10th, expectations for 2013 should be basically unchanged from the past several months.
For more information visit http://www.actresearch.net.