Medium duty orders among best in nearly 2 years
North American Class 8 net orders were above 20,000 units for the sixth consecutive month in March, but fell below February’s intake.
Classes 5-7 net orders were down month-over-month and year-over-year, with final numbers expected to approach 15,200 for medium-duty vehicles and trucks.
Preliminary net order numbers are typically accurate to within 5 percent of actual.
“While down month-over-month, March’s Class 8 net orders were up (nearly 11 percent) year over year and were the fourth best in the past thirteen months,” Kenny Vieth, president and senior analyst, ACT Research, says. “For medium-duty, the tough year-over-year comparisons mask an otherwise solid order month. March’s medium-duty order volume was the fourth best in the past 20 months. Historically, March has been the second strongest order month of the year for MD vehicles.”
Vieth adds orders continue to track generally in line with expectations underlying the MD and HD forecasts in ACT’s NA Commercial Vehicle Outlook report.
For more on heavy-duty orders, click here.