Commercial vehicle orders hit lowest levels since September 2010

by Truck News

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.”

 


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*