ACT Research: NA Heavy & Medium Duty Preliminary Orders Up 44% Y/Y
DEC 5, 2017 - 6:42 am
Preliminary NA Classes 5-8 net orders were 53,000 units in November, up 44% year over year, and slightly down from October’s order surge.
“Continued Class 8 order strength in November and in-line medium duty orders added up to a second consecutive month of ‘best-since’ order activity,” said Kenny Vieth, president and senior analyst at ACT Research. “Seasonally adjusted, orders rose 2.8% from October to 50,300 units, marking November as the best month for NA Classes 5-8 orders since February 2015.”
Preliminary NA Class 8 net orders remained elevated in November, with 32,900 units added to the books. Despite being the second-best order month since January 2015, November’s orders fell 8.7% from October.
“Historically, November is the third-best order month of the year,” noted Vieth. “As such, seasonal adjustment lowers the month’s intake to 30,000 units, down 4.7% from October.”
Preliminary data indicate that Classes 5-7 net orders inched higher from October, rising to 20,100 units. At a 15% increase, November’s order volume generated the best year-over-year performance in six-months.
“Seasonal adjustment, which was a drag in October, turned incrementally positive in November,” said Vieth. “When adjusted, the medium duty net order volume rises to 20,400 units, up 16% sequentially and 17% year over year.”
These numbers are preliminary. Complete industry data for November, to include final order results, will be available mid-December in ACT’s State of the Industry: NA Classes 5-8 Vehicles report.
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!
Our industry can and will benefit from having more women in leadership positions. Spaces that are inclusive of people from various backgrounds — gender, ethnicity, etc. — naturally culminate in a broader set of ideas, which gives companies more options... read more
The workplace of today is vastly different than it was even a couple years ago, but there are still many obstacles that impede employees, particularly women, from thriving in their jobs, ultimately disrupting success in other areas of life. Michelle... read more