COLUMBUS, Ind. — Both medium duty and heavy duty truck orders rebounded in October, according to ACT Research.
“With housing related activity surprising on the high-side the past several months, medium duty truck orders rose to their highest level since the start of the cycle,” ACT President and Senior Analyst Kenny Vieth said.
Net orders rose to 19,285 units, up 35 percent month-to-month and year-to-year, he said.
October also saw Class 8 orders rise meaningfully above trend. Net orders rose to 23,431 units.
“Underscoring the increase in activity was the fact that the improvement occurred in the face of electoral and fiscal uncertainty and despite Hurricane Sandy disrupting business up and down the East Coast at month’s end,” said Vieth.
ACT is the leading publisher of new and used commercial vehicle 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.
For more information on ACT, please visit http://www.actresearch.net.
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