May 27, 2014
Retail sales for Classes 5-8 posted solid gains in April according to the latest State of the Industry report, recently released by ACT Research Co. (ACT), with Class 8 sales surging to milestone heights.
“Class 8 retail sales rose 6 percent month over month to their best reading in six months at 23,100 units, and the strongest sales months of the year are yet to come,” says Steve Tam, vice president-commercial vehicle sector at ACT Research Co., LLC.
“Classes 5-7 retail sales rose nearly 14 percent month over month to 20,100 units, their highest level since March 2007.”
Year to date, Class 8 sales are up 9 percent and Classes 5-7 sales are up 13 percent.
The October to April trailer industry order season gained 25 percent over the 2012-2013 season according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). Most of the strength came from dry and reefer vans, the agency reports.
“April net orders of 26,390 rose 20 percent year-over-year,” Frank Maly, Director – CV Transportation Analysis and Research at ACT, says. “Cancellation continued to be insignificant, pointing to firm orders in the backlog. And the backlog is up 30 percent from a year ago.”