ACT Research: North America Classes 5-8 Net Orders at 59,600 in April

According to preliminary data from ACT Research, the industry booked 59,600 North America Classes 5-8 net orders in April. Complete industry data for April, including final order numbers, will be published in mid-May.

After the order results posted in the seasonally strong first quarter, there was only one direction for orders to head in April – down. While below any of the first three months of 2018, a good portion of the decline was related to seasonality.

“On that basis, April’s orders (60k) were bigger than any month in 2017 as activity in both the medium and heavy-duty vehicle markets remained strong,” said Kenny Vieth, ACT’s president and senior analyst. “Our preliminary look at North American Classes 5-8 net orders for April show that orders rose 40% year-over-year. Seasonally adjusted, April’s orders fell 12% from March.”

Solid MD order activity continued into April, if below levels seen through Q1/18. In April, preliminary NA Classes 5-7 net orders rose 33% year over year to 24,800 units.

“There is virtually no seasonality in April for the MD market. As a result, and while orders were down 16% nominally from March, on a seasonally adjusted basis, Classes 5-7 orders were 24,900 units, up 200 units/0.8% month over month” Vieth said.

About Class 8 orders, Vieth said, “In ACT’s 30-plus years of collecting industry statistics, the Class 8 market has never had four consecutive months in which orders exceeded 40,000 units. Preliminary data indicate that the wall remains in place as 34,800 Class 8 net orders were booked in April, stopping the latest string of 40k-plus order months at three.”

Seasonal adjustment boosts the month’s orders to 35,200 units.

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

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.