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June’s Demand for Class 5-8 Trucks Dips to Lowest Total in 4 Years

July 7, 2016 By: Trucking News Staff Tags: Fleet Management, News
Demand for Class 5-8 Trucks Dips to Lowest Total in 4 Years

For the month of June, 28,300 new Classes 5-8 vehicle orders were booked, with 13,100 of those orders for Class 8 tractors and 15,200 for Classes 5-7 trucks. Final June numbers will be published in mid-July.

“The pace of commercial vehicle orders slowed in seasonal fashion into the first month of summer,” said Kenny Vieth, ACT’s president and senior analyst. June’s medium-duty and heavy-duty truck net order total volume was the lowest monthly order total since July 2012. Seasonally adjusted, at 31,500 units, it was the lowest total since September 2012.”

Vieth said that the pull-back in medium-duty orders was more a reflection of past strength, rather than current weakness. “The pull-back of the past two months follows a three-month stretch from February to April, where medium-duty orders were booked at a volume well ahead of demand,” he said.

Regarding Class 8, Vieth said, “Despite increasingly easy year-over-year comparisons, Class 8 vehicle orders continued to lose traction in June with orders slipping to 13,100 units. The last time actual Class 8 orders were this low was the third quarter of 2010.”