According to preliminary data from ACT Research, in October, 32,400 Classes 5-8 net orders were booked. Final order numbers will be published in mid-November.

“NA Classes 5-7 orders at 18,400 units, were down 10% from September and 18% compared to year ago October orders,” said Kenny Vieth, ACT’s president and senior analyst. “The month’s 13,900 net order reflects lingering overcapacity from too many Class 8 tractors being purchased relative to freight creation in 2015 and into early 2016.”

As October is typically a strong order month for both medium and heavy duty vehicles, seasonal adjustment amends actual volumes lower.