X

September truck orders below 20K, cancellations spike

Jason Cannon October 23, 2013

Class 8 net orders were 19,018 units in September, traditionally the second weakest order month of the year.

“On top of lower than expected Class 8 orders, cancellations also spiked in September,” said Kenny Vieth, ACT’s president and senior analyst. “While low historically, they deviated from the recent trend, rising to 2.3 percent of backlog. October is usually the top cancellation month, suggesting cancellations are likely to be above the recent trend again next month.”

The medium duty market was able to mostly offset a sharp pullback in bus orders to net 16,745 units in orders. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT).

The report covers Classes 5 through 8 vehicles for the North American market.

Poll

How would you categorize the state of your business 10 months into 2014?

Latest

GALLERY: CIT Group pumpkin contest supports cancer research

CAT debuts new vocational truck

Paccar posts strong profit and sales boost

Popular

CAT debuts new vocational truck

GALLERY: CIT Group pumpkin contest supports cancer research

Summit Holdings announces ‘Summit Certified’ used truck program

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.