COLUMBUS, IN – November NA Classes 5-7 net orders are expected at 18,000 units (±5%) and Class 8 orders are expected at 21,200 units (±5%), when actual data are released mid-month.
“The ‘Great OK’ continued for Classes 5-8 commercial vehicle orders placed in November,” said Steve Tam, ACT’s Vice President – Commercial Vehicle Sector. After posting the best order month since February 2008 in October, November’s Classes 5-7 vehicle preliminary orders exceeded trend and expectations. Compared to a year ago, medium duty orders were up 26% in November and 11% YTD. Class 8 net orders, which had spiked to their highest level in nearly two years in October, retreated in November. November’s Class 8 order volume represents gains of 6% compared to last November and 13% YTD.
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 our web site at http://www.actresearch.net.