COLUMBUS, Ind. — January preliminary North America Class 8 net orders were 27,700 units, up 600 units from January and 16% from a year ago.
Complete industry data for February, including final order numbers, will be published by ACT Research in mid-March.
“Weak freight and carrier profitability fundamentals, and large carriers guiding to lower capex in 2024, would imply pressure in U.S. tractor, the North American Class 8 market’s largest segment,” said Kenny Vieth, ACT’s president and senior analyst. “While we do not yet have the underlying detail for February order volumes, Class 8 demand continuing at high levels again this month suggests that US buyers continue as strong market participants.”
With the fourth largest seasonal factor of the year at 8%, seasonal adjustment reduces February’s Class 8 intake to 25,600 units, up 5% from January.
“North American Classes 5-7 net orders were 18,800 units in February, up 7% year-over-year,” Vieth said. “February’s medium duty net order seasonal factor, at 5%, is the fifth strongest of the year, thereby lowering the seasonally adjusted order tally to 17,900 units, down 13% month-over-month and the lowest seasonally adjusted tally in 13 months.”
Born in Pine Bluff, Arkansas, and raised in East Texas, John Worthen returned to his home state to attend college in 1998 and decided to make his life in The Natural State. Worthen is a 20-year veteran of the journalism industry and has covered just about every topic there is. He has a passion for writing and telling stories. He has worked as a beat reporter and bureau chief for a statewide newspaper and as managing editor of a regional newspaper in Arkansas. Additionally, Worthen has been a prolific freelance journalist for two decades, and has been published in several travel magazines and on travel websites.
