COLUMBUS, Ind. — Class 8 orders rebounded in May after a soft April, according to ACT Research.
Classes 5-7 net orders, meanwhile, pulled back sharply from April volumes.
“Class 8 net orders in May at 26,100 units were up 5% month-over-month and 15% year-over-year. On a seasonally adjusted basis, Class 8 net orders rose to 26,800 units, the best order performance since February,” said Steve Tam, vice president-commercial vehicle sector at ACT Research. “Classes 5-7 net orders totaled 16,140 in May, a drop of 26% month-over-month and 10% year-over-year.”
Tam said that we have now entered the slowest period of the year for orders. However, truckers are continuing to indicate high levels of interest in equipment purchases, according to ACT’s monthly survey of for-hire carriers.