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

Have you revised your truck sales forecast for 2015 in the past 6 months?

Latest

The top 10 aftermarket products by customer interest

Volvo Group facilities earn DOE recognition

JOST International hits manufacturing milestone

Popular

Albuquerque tech takes top Rush honors

Navistar narrows losses, posts 4Q net loss

Bonus depreciation gets Senate approval, awaits president’s signature

Successful Dealer Award

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