Class 8 Orders Recover in August
September 5, 2012
Net orders for Class 8 trucks in North America recovered from July, reports ACT Research Co., while Class 5-7 orders were at their lowest level since January.
ACT predicts that the final numbers, which will be released mid-September, will approach 16,200 units for heavy-duty Class 8 trucks and 13,900 for medium-duty Class 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual.
"Class 8 orders were still caught between the economic soft patch and seasonality," said Kenny Vieth, president and senior analyst, ACT Research. "When seasonally adjusted, orders were the best since February at 18,400 units," he added.
Seasonal adjustment provides no cushion for Classes 5-7, however. Seasonally adjusted, medium duty orders dropped to 13,100 units, another seven-month low. RVs, and to a lesser extent, buses, offset stronger truck orders during the month.