Class 8 Truck Orders
What's happening in the Class 8 market?
Preliminary North American Class 8 truck orders in February were 23,600 units, up 13% y/y (+27% m/m). Classes 5-7 truck orders declined 11% y/y (-2% m/m) to 17,500 units.
Complete industry data for February, including final order numbers, will be published by ACT Research in mid-March.
We do not forecast orders, but given how robust Class 8 orders were into year end, coupled with cautious readings from the ACT Class 8 Dashboard, we noted at Seminar 68 that we expect SA orders in a range of 15-20k in the near term. Thus, February’s SA 22,400 represents a modest upside to our expectation. Combined with January, SA orders have averaged 19,700 units ytd. MD demand took a modest step down. The seasonally adjusted February intake, at 16,400 units, declined 12% y/y (-9% m/m).
Eric Crawford
Vice President & Senior Analyst
Resources
Whether you’re new to our company or are already a subscriber, we encourage you to take advantage of all our resources.