Class 8 Orders Still on Narrow Seven Month Trend
COLUMBUS, IN. — April’s preliminary class 8 net orders, coming in at 23,300 units, is pointing to another month on trend, reported ACT Research today.
It’s a narrow order trend that has been in place since last October, ACT said.
Over the last seven months, orders haven’t dropped below 20,100 units and haven’t rose above April’s 23,300.
Similarly, classes 5-7 prelininary net orders, at 15,800, are in line with the 3 month order trend.
“April’s Class 8 preliminary net orders were up sequentially and year over year,” said Kenny Vieth, president and senior analyst, ACT Research. “April was the third consecutive month of positive year-over-year comparisons. While April’s Classes 5-7 volume was down from year-ago levels, the 3-month order average is running slightly ahead of the year-ago comparison,” he added.
Typically, preliminary net orders are accurate to within five percent.
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