COLUMBUS, Ind. — A 27% decline in Class 8 truck net orders in July was a reflection of seasonal buying patterns and the momentum of Class 8 demand continues to be positive, according to the latest State of the Industry: Classes 5-8 Vehicles report published by ACT Research.
July net orders were 27% higher than July 2009, the company noted. In July, there were 11,667 net orders for Class 8 commercial vehicles in North America. Net orders of medium-duty trucks rose both month-to-month and year-over-year. Compared to July 2009, medium-duty net orders were up 100%, ACT reports.
“Normal seasonality accounted for about a third of the month-to-month decline in Class 8 net orders,” said Kenny Vieth, partner and senior analyst with ACT. “The momentum in Class 8 demand is still increasing as trucking company profitability continues to rebound strongly.”
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