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Truck Orders Robust Despite Hitting 5-Month Low

February truck order volume hit a five-month low but still maintained a high level, according to ACT Research. The Class 8 segment posted the ninth consecutive month of more than 28,000 units ordered.

by Staff
March 19, 2015
Truck Orders Robust Despite Hitting 5-Month Low

 

1 min to read


February truck order volume hit a five-month low but still maintained a high level according to the latest report from ACT Research. The Class 8 segment posted the ninth consecutive month of more than 28,000 units ordered, while medium-duty backlogs are the highest in years.

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Class 8 net orders were 31,00 units, up 7% compared with last February. Class 5-7 medium-duty trucks posted 19,700 orders, a 2% increase year over year. While Class 8 order numbers remained at a robust level, analysts at ACT research are predicting a cooldown before mid-year as the 2015 build schedule fills up.

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“It is unlikely that this string of robust order activity can extend much beyond April or May,” said Kenny Vieth, ACT president and senior analyst.

Medium-duty is still recovering from a slow period in mid-2014, but strong order numbers compared to trucks being built have boosted the backlog of orders to high levels.

“Medium-duty orders have been above year-ago results in five of the past six months, even against a tough year-ago February comparison,” said Vieth. “Strong orders and below expectations build helped to boost the medium-duty backlog-to-build ration to 3.2 months – the highest reading in nearly five years.”

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