COLUMBUS, Ind. — ACT Research has reported that Class 8 net orders rose to 11,285 units in March, up 28% compared to March 2009.
In its State of the Industry: Classes 5-8 Vehicles report, ACT pointed out while the current month and year-to-date net orders are strong, they come off a very weak 2009. Still, the first two months have shown stronger than expected Class 8 net orders, ACT reported.
Medium-duty Class 5-7 net orders were also up 20% over March 2009.
“The combination of the introduction of higher-priced new engine technology and a weak used truck market continue to restrain demand for new commercial vehicles,” said Kenny Vieth, partner and senior analyst with ACT. “However, an improving economy is shrinking the excess hauling capacity in the trucking sector, which will lead to improving profits and the need to replace an aging fleet.”
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