Class 8 orders remain above 20k in April
Class 8 preliminary net orders of 23,300 represent a continuation of the narrow North American order trend that has been in place since last October.
“April’s Class 8 preliminary net orders were up sequentially and year over year,” Kenny Vieth, president and senior analyst, ACT Research says. “April was the third consecutive month of positive (year-over-year) comparisons. While April’s Classes 5-7 volume was down from year-ago levels, the 3-month order average is running slightly ahead of the year-ago comparison.”
Over those seven months, orders have fallen no lower than 20,100 units and no higher than April’s forecasted 23,300 units.
In similar fashion, Classes 5-7 preliminary net orders of 15,800 are in line with the 3 month order trend. Final numbers will be released later this month. The preliminary net order numbers are typically accurate to within 5 percent of actual.
Data released by FTR Associates shows April orders of 23,026 – 6 percent above March and a 37 percent improvment from a year ago.
Even with a one month dip in March orders, the last three months annualize to 270,400 units.
“Orders continue to remain at a healthy level, coming in at the high end of our expectations,”Jonathan Starks, FTR’s director, transportation analysis, says. “This bodes well for a continuation of the modest growth in equipment sales during 2013. Despite this, our optimism is tempered by the weakness seen in much of the economic data over the last month and by our discussions with fleets. There is no desire to add equipment in the near-term and merely replacing equipment doesn’t create additional equipment demand beyond our current expectations.”