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October’s Net Orders for Classes 5-8 Trucks Beat September, But Lower Y/Y

November 5, 2015 By: Trucking News Staff Tags: Fleet Management, News
October’s Net Orders for Classes 5-8 Trucks Beat September; Lower Y/Y

ACT Research said 47,200 Class 5 through 8 trucks were booked in October, up 14 percent over September’s orders, but down 30 percent compared to the robust net orders in October 2014. The latest figures are preliminary with actual numbers to be published later this month.

North American Class 8 tractor orders totaled 25,200 in October — 45 percent short of the 46,000 orders placed a year ago October, according to Kenny Vieth, ACT’s president and senior analyst.

“Keep in mind that October 2014 was the second-best ever Class 8 order month, so the year-over-year comparison was a tough one,” Vieth said. “Likewise, the 6,000 unit sequential gain from September to October of this year can be explained by seasonality. When seasonally adjusted, preliminary Class 8 net orders were down 3 percent from September.”

Classes 5-7 net orders continued strong in October. For the month, North American medium-duty vehicle net orders were 22,000 units. “Despite tough comparisons — down 1.8 percent year-over-year and 0.3 percent month-over-month — both are within the margin of error for preliminary industry data,” said Vieth.

Because October is historically the year’s strongest month for medium-duty orders, seasonal adjustment lowers October’s net order volume to 19,300 units.

ACT is the recognized 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.