ACT Research: June’s NA Class 8 Orders Continue Above Capacity Trend

According to ACT Research, at the top line, North American Class 8 net orders totaled 42,224 units in June, marking the fourth time in six months in which industry orders cracked 40,000 units.

“North American Class 8 net orders continued to materially outpace the industry’s ability to sate demand, and June’s performance is more impressive in that it is typically one of the weakest months of the year for orders,” said Kenny Vieth, president and senior analyst for ACT Research. “When seasonally adjusted, June’s intake rises to 48,264 units. Seasonally adjusted, we have to track back to March 2006 to find the only month in history that surpasses June’s volume.”

Regarding the medium duty markets, Vieth commented, “Demand for medium duty vehicles remained on a strong path in June, with Classes 5-7 orders rising to a three-month high of 26,649 units. Through year-to-date June, medium duty orders are up 23% year-over-year, and current market strength continues to hearken back to 2006.”

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.