Truck orders moderate in January

COLUMBUS, Ind. — Preliminary orders for Classes 5-8 vehicles fell 21% in January from December’s near-record order intake, but were still 5% stronger than last January.

ACT Research says preliminary figures show an order intake of 53,200 Classes 5-8 vehicles, moderating to the lowest volume since September.

“After three consecutive months in which Class 8 orders rose above 40,000 units, January’s Class 8 order intake of 35,400 units appears pedestrian,” said Kenny Vieth, ACT’s president and senior analyst. “However, while October-December represent the three strongest months cycle-to-date, January orders tilt the scale at a respectable fifth best, and are closely aligned with the six-month order trend (425k AR versus 6 month 433k AR).”

“Similar to Class 8, January’s medium duty orders don’t live up to the strong Q4 pace, but rise above year-ago activity,” Vieth added. “At 17,800 units in January, Classes 5-7 orders rose 11% compared to year-ago levels, but fell 22% from December’s second best month of the cycle order volume. January’s MD orders fell slightly below build expectations, suggesting that backlogs are likely to be 1,000 to 2,000 units lower when the complete data set is compiled mid-month.”

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