Class 8 Orders Weak in June; Classes 5-7 Consistent
July 20, 2012
In the Class 8 market, weak orders persisted through June, while activity in the Classes 5-7 markets remained generally unchanged, according to the State of the Industry report released by ACT Research Co. The report covers Class 5 through 8 vehicles for the North American market.
"Class 8 backlogs continue to be consumed at a rapid rate," says Kenny Vieth, president and senior analyst at ACT. "With the order shortfall and backlogs becoming increasingly tight, most near-term build plans have been adjusted downward."
Meanwhile, Vieth says that Classes 5-7 orders in June remained consistent, but there is very little backlog cushion if orders slow from current levels.