Heavy & Medium Duty Preliminary Orders Show Moderation in April

Posted on 03. May, 2017 by in Classes 5-8, Press Releases

COLUMBUS, IN – Following eight consecutive months with steadily higher volumes, North American Medium Duty & Heavy Duty Classes 5-8 net orders moderated in April’s preliminary reading, sliding 13% from March to 42,500 units. All of the month-over-month decline in April was related to slower Medium Duty vehicle orders. Note that these numbers are preliminary. Complete industry data for April, including final order numbers, will be published in mid-May.

North American Class 8 orders continued on the surprisingly robust trend that has characterized activity in 2017. At 23,900 units, the preliminary read on April’s Class 8 orders marks the fifth consecutive month in which orders have been above 20,000 units. “As this is typically the time of the year when orders begin to moderate, seasonal adjustment provides a small positive boost to the actual volume,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “With seasonal adjustment, April’s Class 8 order volume rises 300 units.”

After hitting a nine-plus year high last month, Medium Duty orders moderated in April, falling 25% from March and 10% from year-ago. “As April tends to be a slightly above average order month, seasonal adjustment lowers the month’s net order volume, which falls to 18,200 units,” said Vieth. He continued, “Taking the past two months’ orders together puts the total roughly in line with activity since December: From December to February, Medium Duty orders averaged 22,500 units per month. In March and April, the average stands at 21,700 units.”

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