ACT: April Class 8 order intake lowest since November
April’s orders were down 11 percent from March, and were up just 5 percent compared to a year-ago. (The Trucker file photo)
The Trucker News Services
COLUMBUS, Ind. — April North American Class 8 net orders are expected to reach 24,400 units when final data are released in mid-month, according to a report from ACT Research.
North American Classes 5-7 net orders are expected at 17,800 units.
“Total NA Classes 5-8 orders totaled 42,200 units in April,” Kenny Vieth, ACT president and senior analyst said. “While ranking as only the sixth best order month in the past seven, April was also the 10th best order month of the past eight years. Since demand ramped up at the beginning of fourth quarter 2013, total Classes 5-8 net orders have been booked at a 545,300 unit annual rate.”
For Class 8, the 24,400 North American net orders that were booked in April represented the lowest intake since November, Vieth said.
“April’s orders were down 11 percent from March, and were up just 5 percent compared to a year-ago. That single-digit year-over-year gain was just the second in 14 months of strong double-digit gains,” Vieth said.
Classes 5-7 saw strong orders continue through April. For the month, net orders rose 5 percent from April 2013, but fell to 2 percent from February to 17,800 units, Vieth said.
ACT is a publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China CV market.
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