COLUMBUS, Ind. — Net orders for heavy-duty Class 8 commercial vehicles increased 91 percent in April 2010 compared to the same month last year, according to the market analysts at ACT Research Co.
In the latest release of the State of the Industry: Classes 5-8 Vehicles, ACT indicated that net orders for heavy-duty vehicles continued to strengthen month-to-month. New orders were spread over the next three quarters, suggesting that companies are beginning to place orders for new EPA2010 emissions compliant equipment.
“From top to bottom, April was a healthy month for the Class 8 segment, at least in relative terms,” said Kenny Vieth, partner and senior analyst with ACT. “Orders were above expectations, backlogs rose and retail sales remained elevated. If orders surprise on the high side again in May, it could have upside implications for our forecasts for the remainder of 2010 and 2011.”
April net orders of medium-duty Classes 5-7 equipment grew by 39 percent from April 2009. However, with continued weakness in the residential housing market and tightening state budgets, the medium-duty sector has not shown the same level of rebound as the heavy-duty sector.
ACT publishes new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community. For more information on ACT, please go to our web site at http://www.actresearch.net.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
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