New truck orders remain soft through May: ACT Research

Avatar photo

COLUMBUS, Ind. — Commercial vehicle net orders remained soft in May, as truck fleets continue to show a reluctance to take on sizeable loans, according to the latest analysis from ACT Research.

Preliminary Class 8 orders were up from April but Classes 5 and 6-7 orders were down from the previous month.

The final numbers are expected to total 18,000 Class 8 units and 13,100 Classes 5-7 vehicles, ACT announced.

“As has been the case the past two months, the issue appears to center on credit-buying truckers’ confidence in the economy relative to the risk of taking out a sizeable loan,” said Kenny Vieth, president and senior analyst, ACT Research. “Highlighting the notion that the recent pullback in orders is a confidence rather than freight related issue, cancellations in recent months have remained at low levels. Beyond confidence, the demand check boxes remain positive, suggesting that the pull-back is temporary. Of course, we are approaching the period of the year that is associated with order weakness: July and August are typically the softest order months of the year.”

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.