ACT Research: NA Class 8 Orders Totaled 490,100 Units in 2018

Posted on 04. Jan, 2019 by in Classes 5-8, Press Releases

Preliminary North America Class 8 net order data show the industry booked 21,300 units in December, down 24% sequentially from November and 43% from year-ago December. Note that these numbers are preliminary. Complete industry data for December, including final order numbers, will be published by ACT in mid-January.

ACTSeminar_59“For all of 2018, Class 8 orders totaled 490,100 units, far outstripping the previous annual order tally set in 2004 at 390,000 units, with orders averaging 40,800 units/month last year” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “Owing to its status as the strongest order month of the year, seasonal adjustment is always unkind to Class 8 orders in December, dropping the month’s volume to a 25-month low of 17,300 units.” Vieth added, “It is important to put slowing orders into context. With a 300,000-plus unit backlog and a solidly booked build schedule, the drop in orders is in-line with expectations.”

About medium duty orders, Vieth commented, “After robust orders in November, Classes 5-7 orders moderated into the end of the year, falling to a six-month low of 21,500 units, and a considerable drop from the 25,200 unit-per-month average the medium duty industry enjoyed throughout 2018.” He added, “Seasonality is not a factor in December for medium duty vehicles, but the month’s orders had the ignominy of being the first negative year-over-year comparison in 15 months, falling 4.6% compared to December 2017.”

 

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

Sam &  Audience at Seminar 59

 

ACT’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.