Class 8 orders remained above 20,000 units for a seventh consecutive month in April, rising to their second highest volume in 16 months, according to a state of the industry report released Tuesday by ACT Research Co. That report covers Class 5 through 8 vehicles for the North American truck market.
April Class 8 net orders totaled just over 23,200 units, according to the update, with medium-duty net orders totaling 16,740 units — which was the best order volume in six months and the second best in the past 26 months.
Year-to-date Class 8 orders bound for the U.S., Canada and Mexico all continue to trend above year-ago levels with demand from Mexico being particularly strong, according to Kenny Vieth, ACT’s president and senior analyst.
“Class 8 cancellations remained in record low territory in April, which is a positive indicator for stronger demand,” he added. “As has been the case this cycle, backlogs for the medium-duty market remain thin relative to build. Per-day build hit its second highest level in a year in April.”