Class 8 truck orders were down in May with just over 20,500 units moved in the month, according to the latest numbers from ACT Research.
Truck Order Outlook Somber as May Sees Decline
Class 8 truck orders were down in May with just over 20,500 units moved in the month, according to the latest numbers from ACT Research.
by Staff
June 18, 2015
1 min to read
Despite the low numbers, the Class 8 market performed to expectations in May, according to Steve Tam, ACT’s vice president-- commercial vehicle sector.
“While focusing on the order intake of the past may bring feelings of euphoria, a glance into near term expectation is sobering and much more instructive,” said Tam. “Historical order placement practices suggest orders for the next four months will be 15% to 20% below average.”
The medium-duty market, however, saw an increase in May with 19,900 orders of Class 5-7 trucks posted in the month. The number of orders was 22% higher compared with May 2014 and on a seasonally adjusted basis, these trucks are selling at a pace of 230,000 units this year, which is meeting expectations.
“The medium-duty market in May bucked seasonal expectations, which called for moderate slowing, but the intake resulted in a nearly 11% sequential gain,” said Tam.
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