Preliminary North America Class 8 net order data show the industry booked 27,900 units in November, down 36% sequentially from October, but only 15% lower from year-ago November. Note that these numbers are preliminary. Complete industry data for November, including final order numbers, will be published by ACT in mid-December.
“Through year-to-date November, Class 8 orders have totaled 468,600 units, an average monthly order intake of 42,600 units per month,” said Steve Tam, ACT’s vice president. “November typically has a slightly above average order seasonal factor, and as such, actual data is moderately lower when seasonally adjusted. Seasonal adjustment drops November’s order intake to 26,800 units, down 29% from October.”
About medium duty orders, Tam commented, “Disaggregation of the medium and heavy-duty markets reveals that medium-duty order activity perpetuated its trend-like bias in November, with orders for 25,100 vehicles besting short and long-run averages.” He added, “Over the course of the past six and twelve months, medium-duty orders have averaged 24,000 and 24,900, respectively.”
Equipment finance and leasing industry observers know 2018 has been a good year for U.S. business. And the construction industry is no exception. But before taking a closer look at this important segment, it is crucial to understand its scope.... read more
In the move towards non-carbon-based energy, and the push by Congress to encourage this move to cleaner alternative energy sources, tax incentives have encouraged investments in solar and wind facilities. Financing structures have developed to likewise monetize these tax benefits.... read more