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Class 8 truck orders remain above 20,000

Actual Class 8 sales through the first five months of 2013 are down 14.5 percent over the same period in 2012.

The Trucker News Services

6/21/2013

COLUMBUS, Ind.  – Class 8 orders remained above 20,000 units for an eighth consecutive month in May, rising to their second highest volume in 17 months, ACT Research reported.

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.

This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT).

The report covers 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,” said Steve Tam, ACT’s vice president-commercial vehicle sector, said. “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,” he added.

Industry stakeholders are hoping that Class 8 sales will soon catch up with orders.

Sales through the first five months of 2013 are down 14.5 percent over the same period in 2012.

May’s sales were down 1.2 percent.

ACT is a publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies.

For more information on ACT, please visit www.actresearch.net.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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