September truck orders among year’s best
September’s Classes 5-7 vehicle orders returned to the prevailing order trend after posting a near-record August.
When released mid-month, NA Classes 5-7 orders are expected at 16,500 units. Class 8 orders rose compared to August and a year ago. When actual data is available mid-month, Class 8 orders are expected at 20,100 units.
“Based on ACT’s analysis, September is typically the second weakest order month of the year for Class 8, so modest activity was expected,” says Kenny Vieth, ACT’s president and senior analyst. “September’s order volume was the best since May and represents gains of 27 percent compared to last September and to Q3’12. Seasonal adjustment boosts September’s Class 8 orders to 23,200 units/278,000 SAAR. In seasonally adjusted terms, September’s Class 8 order intake was the second best since January 2012.”
Over the past 8 months, Classes 5-7 vehicle orders have averaged 16,600 units per month. Compared to a year ago, orders were up 16 percent in September and 20 percent for all of Q3.
September is typically a better than average month for medium duty orders, so seasonal adjustment lowers September’s order intake to 16,100 units/193,200 SAAR.