Class 8 tractor orders rebounded in May after falling below expectations in April, according to ACT Research, while for the same period, Classes 5 through 7 net orders pulled back sharply from their outstanding performance in April.
“Class 8 net orders in May — at 26,100 units — were up 5 percent month over month, and up 15 percent year over year,” said Steve Tam, vice president of the commercial vehicle sector at ACT Research.
He said that, on a seasonally adjusted basis, Class 8 net orders rose to 26,800 units, which was the best order performance since February. “Classes 5 through 7 net orders totaled 16,140 in May, a drop of 26 percent month over month and 10 percent year over year.”
Tam said that we have now entered the slowest period of the year for orders. However, truckers are continuing to indicate high levels of interest in equipment purchases, according to ACT’s monthly survey of for-hire carriers.