X

Class 5-8 truck orders ‘good’ in August

Jason Cannon September 20, 2013

According to data from ACT Research, August was a good month for Class 5-8 truck orders.

The absence of sustained economic strength remains a limitation for Class 8 demand, and build expectations have been sharply curtailed over the past two months. Orders continue to be placed with short lead times.

“An added short-term challenge for the economy is the upcoming budget and debt ceiling negotiations in Congress,” says Kenny Vieth, president and senior analyst at ACT Research Co., LLC. “Heightened political uncertainty leads to corporate risk aversion. Until Congress works through these issues, business investment is likely to be cautious.”

For the medium-duty sector, strong orders in August coupled with a pullback in production pushed the backlog/build ratio to its highest level in nearly two years at 2.6 months.

Class 8 orders climbed to their highest level in three months in August with a preliminary reading of 19,500 units – a 20 percent gain over August of last year.

Classes 6-7 orders for August were the best in more than five years, according to ACT.

ATD Convention News

Poll

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

Latest

Paccar posts record profits on surging truck sales

Aftermarket’s biggest show closes Thursday

Truck Renting and Leasing Association names new president

Popular

GALLERY – Saturday at the ATD Convention

Kenworth T880 takes Truck of the Year

Aftermarket’s biggest show closes Thursday

Successful Dealer Award

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