ACT Research: N.A. Heavy & Medium Duty Preliminary Orders Show M/M Decline, Up 33% from Last Year

Posted on 02. Aug, 2017 by in Classes 5-8, Press Releases

August 2, 2017
FOR IMMEDIATE RELEASE

COLUMBUS, IN – North American MD & HD Classes 5-8 net orders dropped in July, falling 12% from last month. While orders were lower month over month, the +33% increase from last year highlights the significant improvement in demand that has occurred over the past twelve months. “Adjusting for seasonality, NA Classes 5-8 net orders rise to 41,400 units in July,” said Kenny Vieth, President and Senior Analyst at ACT Research. He continued, “Compared to year-ago levels, total Classes 5-8 net orders were up over 36% from a seasonally adjusted 30,500 unit tally.” Complete industry data for July, to include final order results, will be available mid-August in ACT’s State of the Industry: NA Classes 5-8 Vehicles report.

Preliminary Class 8 net orders improved incrementally in July, rising 4% from June. Compared to last year, July’s orders were up 81%. “While down on a nominal basis from the 2017 order trend, seasonal adjustment brings July’s order intake in-line with recent activity,” said Vieth. He continued, “Over the past six-months, Class 8 net orders, seasonally adjusted, have averaged 21,900 units/month.”

After a seven-month stretch of NA Classes 5-7 net orders averaging 22,100 units per month, preliminary orders dropped in July, declining to a 13-month low. “Despite the 26% decline from June, orders were still 2% better than last year,” noted Vieth.

ACT is the recognized 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, please go to www.actresearch.net.

Media Contact:
Donavan Gerken
812-379-2085
dgerken@actresearch.net