ACT: April Classes 5-7 Net Orders Down 50% M/M, 69% Y/Y
MAY 7, 2020 - 6:50 am
Preliminary NA Classes 5-7 net orders in April fell to 7,600 units, down 69% compared to year-ago April and 50% below the March order intake. Complete industry data for April, including final order numbers, will be published by ACT Research in mid-May.
“Owing to its broader base of applications and vocational niches, medium-duty demand held up relatively well on an absolute basis in April when compared to their bigger [Class 8] brethren,” said Steve Tam, ACT’s vice president. “That said, medium-duty net orders continued to slide during the month, falling to their lowest since April 2010. The month of April is modestly stronger than average, so seasonal adjustment pulled orders lower.”
Additionally, ACT Research has created an easily accessible COVID-19 MARKET WATCH webpage to track noteworthy high frequency macroeconomic and transportation-specific market indicators.
ACT’s State of the Industry: Classes 5-8 Vehicles report provides a monthly look at the current production, sales and general state of the on-road heavy and medium duty commercial vehicle markets in North America. It differentiates market indicators by Class 5, Classes 6-7 chassis and Class 8 trucks and tractors, detailing activity-related measures such as backlog, build, inventory, new orders, cancellations, net orders, and retail sales. Additionally, Class 5 and Classes 6-7 are segmented by trucks, buses, RVs, and step van configurations. The Class 8 market is segmented into trucks and tractors, with and without sleeper cabs.
The report includes a six-month industry build plan, a backlog timing analysis, historical data from 1996 to the present in spreadsheet format, and a ready-to-use graph package. A first look at preliminary net orders is also published in conjunction with this report.
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