March Medium-Duty Orders Down, But Still ‘Solid’ Month
COLUMBUS, IN — March’s medium duty class 5-7 net orders were down month-over-month and year-over-year, reported ACT Research yesterday. Final numbers, set to be released mid-April, should land around 15,200, ACT said.
“For medium duty, the tough year-over-year comparisons mask an otherwise solid order month,” said Kenny Vieth, president and senior analyst, ACT Research. “March’s medium duty order volume was the fourth best in the past 20 months. Historically, March has been the second strongest order month of the year for MD vehicles.”
ACT Research’s class 8 data for March was in line with other reports; down from February but up year-over-year. Final numbers are expected to hit 22,100.
“While down month-over-month, March’s Class 8 net orders were up 10 percent year-over-year and were the fourth best in the past thirteen months,” Vieth explained.
So far, orders for both medium-duty and heavy-duty are in line with ACT’s NA Commercial Vehicle Outlook report, Vieth said.
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