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ACT Research: Class 8 preliminary orders best in 13 months

The final numbers, which will be released mid-March, will approach 23,300 units for heavy-duty Class 8 and 16,400 for medium-duty Classes 5-7 vehicles and trucks. The preliminary net order numbers are typically accurate to within 5 percent of actual.

The Trucker News Services

3/5/2013

COLUMBUS, Ind. – North America heavy-duty GVW Class 8 preliminary net orders for February rose sequentially and year-over-year, narrowly besting October 2012 to reach their highest reading since January 2012, while medium-duty orders exhibited strong growth.

The final numbers, which will be released mid-March, will approach 23,300 units for heavy-duty Class 8 and 16,400 for medium-duty Classes 5-7 vehicles and trucks. The preliminary net order numbers are typically accurate to within 5 percent of actual.

Kenny Vieth, president and senior analyst, ACT Research, said, “With Class 8 build in February below 20,000 units, backlogs should rise once again. On a seasonally adjusted basis, February’s Class 8 net orders were 22,900 units, in a dead heat for the best reading in the past year. Medium-duty orders easily outpaced both January 2013 and February 2012. February’s volume was up 13 percent versus last year. Similar to the Class 8 market, Classes 5-7 net orders above February’s build expectations suggests backlogs are likely to have moved higher,” he added.

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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. 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, go to their website at http://www.actresearch.net.

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

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