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.”

There are no comments

Your email address will not be published. Required fields are marked *