COLUMBUS, Ind. — A preliminary reading of heavy-duty Class 8 commercial vehicles net orders for North American markets totalled 24,300 units in February, according to ACT Research Co. (ACT).
Even though the February order volume is down 3,000 units from January, ACT officials say it maintains the strength of the NA Class 8 market that has been demonstrated the past four months. This time period annualized represents an order flow of more than 272,200 units (SAAR). Preliminary net order numbers are subject to revision and are typically accurate to within +/- 5%, officials said.
“The industry is continuing in 2011 where it left off in 2010,” said Steve Tam, vice-president of ACT’s commercial vehicle sector. “The strength in orders continues to restock industry backlogs and fuel increasing build as the industry moves through the year.”
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