COLUMBUS, Ind. — July’s final Class 8 orders were disappointing, down 20% month-over-month and 58% year-over-year, ACT Research reports.
A total of 10,358 units were ordered. Medium-duty orders totaled 15,364 units, up 1% from June and last July.
“Outside of the bright spot that continues to be demand for vehicles in Mexico, July’s batch of Class 8 market indicators provided no sign of near-term relief. The US and Canadian tractor (especially sleeper) markets remain overcapacitized,” said Kenny Vieth, president and senior analyst with ACT Research. “Historically, July is the worst order month of the year. To improve interpretation, ACT seasonally adjusts its data. July’s 10,400 Class 8 net orders (124k SAAR) seasonally adjusts to 12,000 units (142k SAAR). Actual or adjusted, we have to go back to Q1’10 to find comparably weak volumes.”