Heavy truck orders up 13% in 2013
December was a banner month for Class 8 truck orders – and it was the second biggest order month since March 2006 – as orders climbed roughly 50 percent month-over-month and year-over-year.
According to ACT Research Co., medium-duty net orders in December didn’t fare quite as well, falling month-over-month with mixed year-over-year orders.
“The U.S. and Canada did the ‘heavy lifting’ for Class 8 orders in December, while Mexico and non-NAFTA orders moved sideways at low levels,” says Kenny Vieth, president and senior analyst at ACT Research Co., LLC. “Strengthening domestic demand has been supported in the second half of the year by improving economic activity that has translated into improved profits for truckers.”
Classes 6-7 were up 20 percent and Class 5 orders fell 16 percent against tough comparisons. For the year, Class 8 net orders were up 17 percent from 2012 while Classes 5-7 orders rose 10 percent.
“The softness in December’s Classes 5-7 orders is viewed as a temporary pause following two very strong order months for medium duty,” Vieth adds.