For the month of August, 16,900 new Classes 5-7 commercial truck orders were booked. According to ACT Research Inc., these numbers are preliminary and final August figures will be published mid-month.
Preliminary numbers for Class 8 tractors were released earlier this month at 14,200 units.
“Moving past the seasonally soft early summer, Classes 5-7 orders rebounded to a three-month high 16,900 units in August,” said Kenny Vieth, ACT’s president and senior analyst. “Despite rising 10 percent from July, orders failed to reach year-ago levels for a third time in the past four months, dropping 5 percent from year-ago August.”
Vieth said that seasonal adjustment does not dispel the notion that medium-duty truck demand has moderated. “With a neutral factor, seasonal adjustment left the August order number unchanged at 16,900 units.”
Despite slower orders in recent months, medium-duty Classes 5-7 net orders are running 3 percent ahead of year-ago order levels through year-to-date August. Year to date, Classes 5-7 net orders have been booked at an annualized rate just over 231,000 units seasonally adjusted.
ACT is a leading publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China commercial vehicle market.