Sunday, January 21, 2018

ACT: November orders bounce back from October to 19,500


Tuesday, December 6, 2016
by THE TRUCKER NEWS SERVICES

 “But for cancellations, Class 8 net orders in October would have been comparable to November’s order total," said ACT President and Senior Analyst Kenny Vieth. "Given peak order season, seasonal adjustment lowers the month’s net order tally to 18,000 units, a 216,000 unit SAAR (seasonally adjusted annual rate).” (The Trucker file photo)
“But for cancellations, Class 8 net orders in October would have been comparable to November’s order total," said ACT President and Senior Analyst Kenny Vieth. "Given peak order season, seasonal adjustment lowers the month’s net order tally to 18,000 units, a 216,000 unit SAAR (seasonally adjusted annual rate).” (The Trucker file photo)

 COLUMBUS, Ind. — November Class 8 net orders totaled 19,500 units, according to a December 5 report from transportation analyst firm ACT Transport.

“This follows cancellation-impacted October net orders of 13,900 units,” said Kenny Vieth, ACT’s president and senior analyst. “But for cancellations, Class 8 net orders in October would have been comparable to November’s order total. Given peak order season, seasonal adjustment lowers the month’s net order tally to 18,000 units, a 216,000 unit SAAR (seasonally adjusted annual rate).”

Medium duty Classes 5-7 orders fell to 17,100 units, down 18 percent month over month and 10 percent year over year, ACT reported.

“Year-to-date medium duty orders are flat,” said Vieth. “November is a neutral month on a seasonal basis, with adjustment reducing orders to 17,000.”

ACT is a leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the China CV market. For more information on ACT, go to actresearch.net.

 

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

Find more news and analysis from The Trucker, and share your thoughts, on Facebook.

Video Sponsors