North America Class 8 production increased in July, slower pace for medium duty

Posted on 18. Aug, 2017 by in Classes 5-8, Press Releases

August 18, 2017
FOR IMMEDIATE RELEASE

North American Class 8 production increased in July, boosted by the continued strength of orders. “After cutting 3,000 units from the Class 8 build plan last month, the OEMs added back nearly 6,000 units in July,” said Steve Tam, ACT Research’s Vice President. He continued, “This brings the OEMs’ full-year expectations to over 252,000 units.”

Despite a sequentially slower July build rate in the North American medium duty market, year over year Classes 5-7 production was 15% higher. “With orders below build, the medium duty backlog declined to about 54,000 units of unbuilt vehicles,” noted Tam. He continued, “Similarly, medium duty inventories declined as July retail sales outpaced production.”

ACT is the 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 U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, and worldwide banking and investment companies.

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