ACT Research: Preliminary Class 8 Net Orders Jumped in September



September preliminary North America Class 8 net orders were 37,100 units, doubling last month’s intake and up 0.3% year over year, according to ACT Research.

“Class 8 orders jumped well above trend and seasonally elevated expectations in September. Historically, September is the first month of stronger orders, as the OEMs open their order books to next year’s orders. As such, for the first time since March, seasonality lowers the monthly order volume. On a seasonally adjusted basis, Class 8 orders jumped 92% from August, to 35,200 units, a 423k SAAR,” Kenny Vieth, president and senior analyst at ACT Research, said. “Medium-duty orders continued at range-bound levels on a very slowly declining trend. Preliminary NA Classes 5-7 orders were mixed, rising nominally M/M, but falling seasonally. In September, MD net orders fell 4,700 units, or 20% Y/Y, to 19,100 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
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

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.
www.abfjournal.com