October Preliminary Net Orders Strong, Broad Based

Posted on 06. Nov, 2013 by in Classes 5-8, Press Releases

COLUMBUS, IN – October was a very positive month for new order placement, exceeding order trends of the past few months. When released mid-month, NA Classes 5-7 orders are expected at 18,600 units (±5%) and Class 8 orders are expected at 26,300 units (±5%).

“The fourth quarter is historically the start of the order season for Class 8 vehicles for the new year,” said Ken W. Vieth, ACT’s Sr. Partner and General Manager. “The order volume exceeded the OEM build plans for October, so if build occurred as planned, Class 8 backlog will grow by about 2,000 units (not SA). These orders will help fill open build slots remaining in 2013 while providing a better planning base to start 2014 production. Seasonally the Class 8 order volume translates into about 25,000 units. Assuming October is not a one month shot of adrenalin and recognizing that orders have gradually edged higher quarter by quarter in 2013, our expectations are for further strength in the fourth quarter.

“The Classes 5-7 OEM build plan for October 2013 shows a volume almost identical to the new preliminary net orders received: This suggests Classes 5-7 backlog will remain flat heading into end of year production planning. The strength of the net orders was broad based amongst the Classes 5-8 vehicle manufacturers suggesting some geographic and application balance as well,” Vieth added.

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.