ACT: NA Medium and Heavy-Duty Volumes Rebound in August
SEP 6, 2019 - 6:15 am
According to ACT Research, preliminary North America Class 8 net order data show the industry booked 10,900 units in August, up nearly 6% from July, but 79% below last August’s best-ever order month.
These numbers are preliminary. Complete industry data for August, including final order numbers, will be published by ACT Research in mid-September.
“Weak freight market and rate conditions and a still-large Class 8 backlog continue to bedevil new Class 8 order traffic. Though, with OEMs opening their new model-year order books, order weakness is increasingly the story of an overcapacitized Class 8 fleet, as truckers start to make their plans for 2020,” said Kenny Vieth, ACT president and senior analyst.
He continued, “August is typically a weak order month. Seasonal adjustment boosts the month’s intake to 12,500 units, a narrower 2.8% month-to-month improvement.”
Regarding the medium duty market, Vieth explained, “If the weakness in the Class 8 market is a reflection of broad softness in freight-intensive economic sectors, the modest downturn in Classes 5-7 order activity is more reflective of the still-healthy consumer economy in much of North America. Though, after a seven-year positive run and some inventory building, the MD is looking increasingly tired. In August, NA Classes 5-7 net orders were 18,800 units, up 10% from July, but down 22% Y/Y.”
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