Truck order trend still ‘OK’
Truck order figures continued their “okay” trend in November, with ACT Research expecting 21,200 Class 8 units ordered last month.
November Classes 5-7 net orders are expected at 18,000 units when actual data are released mid-month.
“The ‘Great OK’ continued for Classes 5-8 commercial vehicle orders placed in November,” says Steve Tam, ACT’s Vice President – Commercial Vehicle Sector.
October was the best order month since February 2008 and Tam says November’s Classes 5-7 vehicle preliminary orders exceeded trend and expectations. Compared to a year ago, medium duty orders were up 26 percent in November and 11 percent year-to-date.
Class 8 net orders, which had spiked to their highest level in nearly two years in October, retreated in November. November’s Class 8 order volume represents gains of 6 percent compared to last November and 13 percent YTD.
ACT Research’s figures reflect similar data released earlier this month from FTR, whose data showed November Class 8 truck net orders at 20,915 units, the second consecutive month above the 20,000 unit threshold.