ACT Research: Class 8 Orders Expected to ‘Rise Materially in Coming Months’
JUN 29, 2021 - 6:30 am
In the recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that, as expected and aligned with preliminary data, North American Class 8 net orders were soft in May, as full 2021 backlogs and as-yet [fully] opened 2022 order books constrained activity.
“For Class 8, after a torrent of orders from October to March, orders moderated in April before falling to a nine-month low in May,” Kenny Vieth, president and senior analyst at ACT Research, said. “The order lines on the dashboard graph illustrate the current rollover in the trend. A drop in the order trend preceded the opening of subsequent years’ orders in each of the last two cycles, with significantly higher orders booked ahead of the second year of the cycle. Given recent historical precedent, we would expect orders to rise materially in coming months.
“While our expectation is that orders will jump in early Q3, we add two caveats: First, through all but the most recent cycle, OEMs have typically not opened out-year order books until September-October. Second, at a recent conference, an OEM executive indicated that his company was at least contemplating some type of allocation system to best serve all of their customer constituencies in challenging market conditions.”
This continued Monitor column is another slice in the life of a leasing sales person. It is a fictitious sales call between a leasing sales person and a CFO prospect. This could be a face-to-face sales call or a quick... read more
Fraudulent activities pose a significant threat to lenders, and combatting this ever-evolving nuisance requires a collective effort. With fraud levels on the rise, digital fraud losses are expected to surpass $343 billion1 globally from 2023 to 2027. In the financial... read more