ACT Research: North America Class 8 Production Increased in July
AUG 21, 2017 - 7:13 am
North American Class 8 production increased in July, boosted by the continued strength of orders, according to ACT Research.
“After cutting 3,000 units from the Class 8 build plan last month, the OEMs added back nearly 6,000 units in July,” said Steve Tam, ACT Research’s vice president. “This brings the OEMs’ full-year expectations to over 252,000 units.”
Despite a sequentially slower July, build rate in the North American medium-duty market, year-over-year Classes 5-7 production was 15% higher.
“With orders below build, the medium-duty backlog declined to about 54,000 units of unbuilt vehicles,” Tam noted. “Similarly, medium-duty inventories declined as July retail sales outpaced production.”
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