Commercial vehicle net orders down, but healthy in February: ACT Research
COLUMBUS, Ind. — North American medium- and heavy-duty Classes 5-7 and Class 8 commercial vehicle preliminary net orders for February were down from January, according to a report from ACT Research. The final numbers, slated to be released mid-March, will approach 22,500 units for heavy-duty Class 8 trucks and 12,800 for medium-duty Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual, ACT officials said.
“February net orders were incrementally below expectations,” said Kenny Vieth, president and senior analyst at ACT Research. “However, healthy backlogs and strong orders over the previous four months continue to support our forecasts for 2012.”
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