COLUMBUS, Ind. – January Class 8 truck orders were up 121% year-over-year, marking their second-best level in history, according to ACT Research.
North American Class 8 orders totaled 49,100-plus units.
“The only month in history better than January was a 52,000 unit order explosion in March 2006, at the peak of the pre-buying frenzy ahead of EPA07,” said Kenny Vieth, president and senior analyst.
U.S. tractors remain the primary driver of outsized order strength, rising 189% year-over-year in January, ACT reports.
“And after a couple months hiatus, orders from Canada were broadly strong in January, up 259% year-over-year,” Vieth added.
He explained that drivers of the current order onslaught are broad-based, with supply-side, demand-side, and exogenous factors all contributing to Class 8 order activity.