Preliminary net orders for North America heavy and medium commercial vehicles, as reported by ACT Research Co., LLC, continue to show month-over-month improvement in September
The final numbers, which will be released mid-October, will approach 23,800 units for heavy duty Class 8 trucks and 13,800 for medium Classes 5-7 vehicles. Both vehicle categories also posted positive year-over-year gains. The preliminary net order numbers are typically accurate to within 5% of actual.
"The strength in orders is indicative of healthy underlying fundamentals in the heavy truck market," said Kenny Vieth, ACT's president and senior analyst. "Fleet equipment is old, trucker profitability is good, and used truck values are strong; barring an economic collapse, these factors should support continued strength in Class 8 orders."
For more information on ACT, visit www.actresearch.net.
Commercial Vehicle Net Orders Better Than Expected in September
Preliminary net orders for North America heavy and medium commercial vehicles, as reported by ACT Research Co., LLC, continue to show month-over-month improvement in Septembe
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