COLUMBUS, Ind. — Net orders for Classes 5-8 trucks were strong in September, with Class 8 orders up 31% year-over-year and Classes 5-7 orders reaching their strongest levels since early 2008, ACT Research reports.
Class 8 orders totaled 24,842 units while Classes 5-7 orders came in at 19,486.
“The past couple of weeks have seen volatility in equity markets, but key economic and freight data points relating to commercial vehicle demand continue to trend positive,” said Kenny Vieth, ACT’s president and senior analyst. Speaking to the strength in Class 8 order activity, Vieth noted, “Through year-to-date September, net orders have been booked at a seasonally adjusted annual rate of 349,000 units, a rate above the 328,000 orders booked in the past 12 months.”
Concerning Classes 5-7 net orders, Vieth said that compared to a year ago, net orders were up 15%. “Within this segment of the market, trucks fell 4% y-o-y, but buses rose 156% and RVs rose 31% year over year,” he said. “With housing activity generally trending sideways in recent months, so too have medium-duty truck orders and backlogs.”
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