Truck orders near 16 month high
Class 8 orders remained above 20,000 units for a seventh consecutive month in April, rising to their second highest volume in 16 months.
According to data recently released by ACT Research Co., April Class 8 net orders totaled just over 23,200 units. Medium duty net orders totaled 16,740 units, the best order volume in six months and the second best in the past 26 months.
“As has been the case this cycle, backlogs for the medium duty market remain thin relative to build. Per-day build hit its second highest level in a year in April,” Kenny Vieth, ACT’s president & senior analyst, says.
This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8 vehicles for the North American market.
Class 8 orders year-to-date bound for the U.S., Canada, and Mexico all continue to trend above year ago levels.
Demand from Mexico is particularly strong,” Vieth said. “Class 8 cancellations remained in record low territory in April, which is a positive indicator for stronger demand.”