Although commercial vehicle orders slipped month over month in June, there was still good news to be had.
While Class 8 net orders fell below 20,000 units for the first time since last September at 18,830 units, Class 8 retail sales, when seasonally adjusted, were at a nine-month high of 22,000 units, according to new figures from the publisher of commercial vehicle data, ACT Research.
"Through year-to-date June, sales have occurred at a seasonally adjusted annual rate of 249,000 units,” said Kenny Vieth, ACT’s president and senior analyst. “Inventories were down 12,000 units from last June, and the inventory-retail sales ratio dropped to its lowest level, excluding the last two Decembers, since November 2011 at 47 days of supply at June’s sales pace.”
Classes 5-7 net orders also retreated, totaling just under 15,500 units.