Truck Orders Fall for the Quarter, Up Big from Last Year
Truck orders in the heavy- and medium-duty segments fell in the second quarter of 2017, but are still much higher than they were a year ago, according to a report from ACT Research.
by Staff
July 7, 2017
1 min to read
Truck orders in the heavy- and medium-duty segments fell in the second quarter of 2017, but are still much higher than they were a year ago, according to a report from ACT Research.
Class 5-8 orders for the second quarter hit 43,000 units, up more than 37% year-over-year but down 6.5% from the unexpectedly positive first quarter of the year. The numbers are still preliminary for June; final data will be published in mid-July.
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Class 8 orders alone jumped to 18,100 units in June, increasing 1,200 units from May. This represents an increase of 39% compared to June of last year.
“Because of a deep seasonal trend that runs through Class 8 orders, seasonal adjustment provides a significant boost to June’s orders,” said Kenny Vieth, president and senior analyst at ACT Research. ”When adjusted, the June volume rises to 20,200 units.”
Class 5-7 medium-duty truck orders moderated from May, slipping 1,500 units to 20,200 units in June. This was up 34% compared to last June’s order intake.
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“Seasonal adjustment boosts June’s MD order volume to 22,700 units, roughly in line with May’s seasonally adjusted tally (22.8k),” said Vieth. “In the second quarter, Classes 5-7 orders were booked at a 255k SAAR, down from a 274k SAAR in Q1.”
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