Demand for commercial vehicles remained healthy in September as 43,300 total NA Classes 5-8 orders were booked, up 21% from a year ago and basically unchanged since August, according to the latest findings from ACT Research.
Over the past twelve months, NA Classes 5-8 net orders have totaled 540,000 units. That cumulative order volume represents the strongest 12-month period of NA Classes 5-8 order placement since the twelve months ending November 2005.
“Class 8 orders continued to be booked ahead of seasonal expectations,” said Kenny Vieth, ACT’s President and Senior Analyst. “Historically, September is the second weakest month of the year for Class 8 orders, so some moderation was expected. During the month, 29,400 Class 8 orders were placed, down 500 units from August, but up 32% compared to last September,” he added.
To view the full ACT Research report, click here.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!