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Heavy-duty Truck Orders Rebound; Classes 5-7 Down 18%

December 7, 2016 By: Trucking News Staff Tags: Fleet Management, News
Heavy-duty Truck Orders Rebound; Classes 5-7 Down 18%

For the month of November, preliminary Classes 5 through 8 order data show the industry booked 36,600 net orders. ACT Research Co. Inc. notes that these numbers are preliminary and complete industry data for November — including final order numbers — will be published mid-month.

“Class 8 net orders rebounded to 19,500 units for the month,” said Kenny Vieth, ACT’s president and senior analyst. “This follows cancellation-impacted October net orders of 13,900 units. But for cancellations, Class 8 net orders in October would have been comparable to November’s order total.

“Given peak order season, seasonal adjustment lowers the month’s net order tally to 18,000 units, a 216,000 unit seasonally adjusted annual rate,” Vieth said.

Medium-duty Classes 5-7 truck orders fell to 17,100 units — which is down 18 percent month over month and 10 percent year over year.

“Year-to-date medium-duty orders are flat. November is a neutral month on a seasonal basis, with adjustment reducing orders to 17,000,” said Vieth.

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.