Truck News

News

February’s Class 8 orders reach highest level in 12 months: ACT

COLUMBUS, Ind. -- North American heavy-duty Class 8 preliminary net orders for February rose both month-over-month and year-over-year, narrowly besting October 2012 to reach their highest reading since January 2012, while medium-duty...


COLUMBUS, Ind. – North American heavy-duty Class 8 preliminary net orders for February rose both month-over-month and year-over-year, narrowly besting October 2012 to reach their highest reading since January 2012, while medium-duty orders exhibited strong growth, according to the latest figures from ACT Research.

The final numbers, which will be released mid-March, will approach 23,300 units for heavy-duty Class 8 and 16,400 for medium-duty Classes 5-7 vehicles and trucks. The preliminary net order numbers are typically accurate to within 5% of actual, according to ACT officials.

“With Class 8 build in February below 20,000 units, backlogs should rise once again,” said Kenny Vieth, president and senior analyst at ACT Research. “On a seasonally adjusted basis, February’s Class 8 net orders were 22,900 units, in a dead heat for the best reading in the past year. Medium-duty orders easily outpaced both January 2013 and February 2012. February’s volume was up 13% versus last year. Similar to the Class 8 market, Classes 5-7 net orders above February’s build expectations suggests backlogs are likely to have moved higher.”


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>