Class 8 truck orders defy economic doom and gloom: ACT Research

Avatar photo

COLUMBUS, Ind. — ACT Research has reported commercial vehicle order activity strengthened in September, during what is traditionally the weakest new order period of the year.

North American Class 8 net orders rose to 23,600 units, a gain of 55% year-over-year and 12% month-over-month, ACT reported in its latest State of the Industry report.

Classes 5-7 orders were up 8% month-over-month.

“Given the steady drumbeat of bad economic news in July and August, and the retrenchment of consumer confidence, we would have understood if commercial vehicle order activity waned through the balance of Q3, but it didn’t,” said Kenny Vieth, president and senior analyst at ACT. “Class 8 build so far this year stands at more than 180,000 units. Years of deferred purchases are buoying up demand.”

Avatar photo

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.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.