Class 8 Orders Bound for Canada and Mexico Rise
COLUMBUS, IN — March’s drop in class 8 orders is a precursor to stronger demand, ACT Research reported today, especially in light of declining cancellations and rising orders for Canada and Mexico.
“Reflecting healthy economies and perhaps currency strength, Class 8 orders bound for Mexico and Canada rose to levels last seen in late 2011,” said Kenny Vieth, ACT’s president & senior analyst. “Positively, cancellations fell to their lowest levels since Q3’10 for the second time in the past 3 months. Declining cancellation trends in the U.S. & Canada bode well for the future,” he added.
March Class 8 net orders totaled just over 22,000 units for the sixth consecutive month, ACT said. Medium duty net orders totaled 15,400 units
In medium-duty, strong bus and RV orders offset a drop in van orders, while class 5-7 truck orders stayed flat in March for a total of 15,400 units.
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