ACT Research: NA Class 8 Orders Rebound Modestly from January to February, Down Y/Y

Posted on 05. Mar, 2019 by in Classes 5-8, Press Releases

Preliminary North America Class 8 net order data show the industry booked 16,900 units in February, up a modest 5% from January, but down 58% from year-ago February. Note that these numbers are preliminary. Complete industry data for February, including final order numbers, will be published by ACT Research in mid-March.

ACTSeminar_60“February marks the third consecutive month of orders meaningfully below the current rate of build. Over that three-month period, Class 8 orders have been booked at a 194,000 SAAR,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “Even though orders are well off their year-ago highs, a trend that is expected to persist through most of this year, we continue to believe that current order weakness has more to do with the very large Class 8 backlog and orders already booked than with the current erosion of the truck-to-freight supply-demand balance.”

CLICK HERE for more information about ACT’s Classes 5-8 reports.

All Business ArtworkACT’s 60th seminar is scheduled for March 25-27, 2019, and will feature a trucker/fleet panel, as well as discussions on near-term demand of commercial vehicles and the impacts of emerging technologies on change in the North American commercial vehicle industry.

CLICK HERE for information about Seminar #60.