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Commercial vehicle orders hit lowest levels since September 2010


COLUMBUS, Ind. — ACT Research has reported there were 25,000 new Classes 5-8 vehicles ordered in July, according to preliminary figures.

While medium-duty orders remained on trend, Class 8 orders continued to soften. There were 10,500 Class 8 truck orders placed while 14,500 medium-trucks were ordered.

“In line with the two-speed US economy of healthy consumers and weak industrial activity, the two-speed commercial vehicle story continued to unfold in July,” said Kenny Vieth, ACT’s president and senior analyst.

“Medium-duty orders remained on trend, while Class 8 orders continued to soften.”

Vieth said some of the softness is related to seasonality; through the course of the year, the July-September period marks the low ebb for Classes 5-8 vehicle orders.

“Seasonally adjusted, the aggregate order volume for Classes 5-8 was 29,200; however, July’s demand was nevertheless the lowest monthly volume, actual or seasonally adjusted, since September 2010.”

 


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