Class 8 truck orders were weak in March, with just over 24,600 units ordered due to a seven-month backlog of unbuilt orders from last year. Medium-duty orders were up thanks to strong truck and bus segments.
by Staff
April 20, 2015
Photo: Isuzu Truck
1 min to read
Photo: Isuzu Truck
Class 8 truck orders were weak in March with just over 24,600 units ordered due to a 7-month backlog of unbuilt orders from last year, according to the lastest report from ACT Research.
Class 5-7 orders were up posting the sixth year-over-year gain in the past 7 months with 20,800 orders. While Class 8 Orders have been down to start 2015, the seasonally adjusted numbers are still predicting a 300,000 unit rate for the year.
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“A 300,000 unit annualized rate of order placement represents solid support for an industry already sitting on nearly 7 months of unbuilt orders,” said Kenny Vieth, president and senior analyst at ACT Research. “Despite the softness in the actual data, on a seasonally adjusted basis, Class 8 retail sales in Q1 occurred at a strong 335,000 unit SAAR.”
Strong truck and bus orders juiced the medium duty market in March, allowing Class 5-7 orders to show gains over 2014 numbers in 6 of the last 7 months.
“Of those six beats, five were double digit gains including a 14% order improvement in March versus last year,” said Vieth. “March represented the fourth best order month since the second half of 2006.”
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