COLUMBUS, Ind. — ACT Research is reporting Class 8 truck orders for May remained above 20,000 for the eighth consecutive month, reaching their second highest volume in the past 17 moths.
Net Class 8 orders reached 23,188 units while Classes 5-7 net orders totaled 17,088 units, representing the best order volume in the past eight months.
“New orders being placed for Class 8 vehicles continue to come from soon-to-be buyers who are genuine in their need for new trucks,” said Steve Tam, ACT’s vice-president, commercial vehicle sector. “Cancellations fell meaningfully in May, flirting with a new all time low. The lack of speculative orders bodes well for the industry as any increase in need for trucks will translate immediately into order activity.”
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News