July Orders Strong For Heavy- And Medium-Duty Trucks
August 21, 2014
Orders for heavy and medium duty trucks were on the rise for the second month in a row in July, according to ACT Research's latest State of The Industry report.
The report found that 30,103 Class 8 trucks were ordered in July and year to date orders are 33% higher than in 2013.
“While one strong month may be statistical noise or an outlier, the July orders fit into a robust pattern that has held up since the start of the year,” said Jim Meil, ACT’s industry analysis principal.
Class 5-7 truck orders were also strong at 15,834 and their numbers have been running 10.5% better last year.
“While the numbers may not be as stellar as what we see in Class 8, the year is shaping up to be the best thus far of the post-2009 expansion for medium duty,” said Meil.
ACT is a publisher of new and used commercial vehicle industry data market analysis and forcasting services for the North American market, U.S. tractor-trailer market and Chinese market.
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