X

Class 8 orders strong while cancellations drop

Jason Cannon June 21, 2013

Class 8 truck orders for May jumped 29 percent year-over-year, remaining above 20,000 for the eighth consecutive month and reached the second highest volume in the past 17 months, according to ACT Research data.

Net Class 8 orders reached 23,188 units while Classes 5-7 net orders were 17,088 units, representing the best order volume in the past eight months.

“New orders being placed for Class 8 vehicles continue to come from soon-to-be buyers who are genuine in their need for new trucks,” said Steve Tam, ACT’s vice-president, commercial vehicle sector. “Cancellations fell meaningfully in May, flirting with a new all time low. The lack of speculative orders bodes well for the industry as any increase in need for trucks will translate immediately into order activity.”

Poll

Do you actively capture and use customer data?

Latest

Pete offering new SmartAir configurations on 579

Four Star Freightliner rep named Leland James winner

Southern Connecticut Freightliner helps raise $1M for Special Olympics

Popular

2014 may be best of truck buy cycle

Friday at GATS

Thursday at GATS

Successful Dealer Award

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