ACT: Class 8 orders up; used market on solid footing
The Trucker News Services
COLUMBUS, Ind. — Class 8 orders rose above 20,000 units for a fifth consecutive month in February, while a surge in step-van orders pushed new medium duty demand above the prevailing trend, according to research released by ACT Research Co., a publisher of new and used commercial vehicle industry data.
“Class 8 net orders rose to just over 23,000 units,” said Kenny Vieth, ACT’s president and senior analyst. “February was the first month in the past 14 in which orders rose above year-ago levels.”
The report is welcome news for the Class 8 truck industry in the United States, which has seen two consecutive months of declining sales and has seen the top executives at the nation’s OEMs predict only a modest increase in 2013.
Meanwhile, ACT reported that the used truck market found solid footing in February after getting off to a shaky start at the beginning of 2013.
THE RECENT INCREASE IN FREIGHT VOLUME MEANS NEW JOB OPPORTUNITIES ON GOTRUCKERS.COM. CLICK FOR MORE DETAILS.
Volumes for both the retail and wholesale markets grew month over month. However, the auction market dropped once again.
“It is interesting to note that mileage and age of used trucks did not move in sync in February. Typically mileage and age move in tandem, but in February mileage increased month over month while average age decreased," Steve Tam, vice president of the commercial vehicle sector, said. “Prices, more often than not, move in the opposite direction. With the split this month, age drove pricing,” he added.
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
The Trucker staff can be reached to comment on this article at firstname.lastname@example.org.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.