Class 8 Truck Orders
Class 8 Truck Orders in May 2023
Preliminary NA Class 8 net orders bounced back in May with 15,500 units, up 10% y/y (+29% m/m), while preliminary Classes 5-7 surged 27% y/y with 19,000 units (+3% m/m). Complete industry data for May later this month.
Given robust Class 8 orders into year end and the ensuing backlog support, coupled with normal seasonal order patterns, orders were expected to moderate into Q2 and remain at relatively soft levels into mid-Q3’23. May orders were in line with this view.
The relatively few build slots still free in 2H’23 suggest order intake is unlikely to find meaningful traction in the coming months.
Eric Crawford
Vice President & Senior Analyst
To learn more about the current dynamics in the commercial vehicle industry, check out the State of the Industry reports. And to see what ACT forecasts will happen in the Class 8 market over the next few years, check out the North America commercial vehicle forecast.
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