Final North American Class 8 net orders totaled 13,465 units in July. Exports and Mexico accounted for 13% of July’s orders, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.
“The Class 8 backlog fell 13,626 units M/M in July, to 114,291 units. With two more build days, July’s build rate decreased on a per day basis,” Kenny Vieth, president and senior analyst of ACT Research, said. “Still-strong production, coupled with lower orders, continues to drain units from the backlog, and with inventories now at record levels, current production levels are likely coming under increasing pressure. Class 8 inventories are at an all-time high in July at 88,803 units.”
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