ACT Research: Class 5-8 Orders Hit 13-Month High in January
FEB 6, 2017 - 7:11 am
According to preliminary data from ACT Research, net orders for Classes 5-8 in January rose to a 13-month high of 45,000 units. Aggregate volume represents 27% compared to January 2016.
North American Class 8 net orders hit a 14-month high at 22,200 units in January, rising above both the prevailing order trend and expectations.
“This is the time of year when big fleets are in the market scheduling replacement orders for the coming year,” said Kenny Vieth, ACT’s president and senior analyst. “Rising 21% versus a year-ago January, this is only the second positive [year-over-year] comparison in 23-months.”
Preliminary, North American Classes 5-7 orders hit an 11-month high in January, rising 32% year-over-year to 23,000 units.
“As the year’s opening stanza is typically one of the weakest in terms of order activity, seasonal adjustment provides a strong boost, pushing the adjusted net order volume to 24,450 units,” Vieth said. “To put that number into context, January’s seasonally adjusted MD net order total was the best monthly reading in nine years, or since February 2008.”
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