Class 8 Orders Set New All-Time Record at 52,400 Units in July
AUG 3, 2018 - 6:35 am
Preliminary North America Class 8 net order data from ACT Research showed the industry booked 52,400 units in July, setting a new all-time record in what is typically the weakest order intake month of the year. Note that these numbers are preliminary. Complete industry data for July, including final order numbers, will be published in mid-August.
“Preliminary NA Class 8 net orders rose 24% month-over-month to set a new all-time record of 52,400 units in July. The previous record was set in March 2006 (52,194). July’s activity was nearly triple (180%) that of July 2017,” said Steve Tam, ACT’s vice president. “The feat is made even more spectacular since July is typically the weakest order intake month of the year. Besides capturing the distinction of the best month in the current rally nominally, on a seasonally adjusted basis orders are also the best on record, outpacing the March 2006 order intake by 13,500 units or 165,000 on a SAAR basis.”
About medium-duty orders, Tam commented, “Medium duty activity slowed decidedly in July, with preliminary NA Classes 5-7 net orders falling 27% month-over-month, to 19,500 units. Longer term, however, medium duty activity remained positive, up 18% year-over-year and 22% year-to-date. Seasonal adjustment boosts the Classes 5-7 orders moderately, relegating it to the best showing in the past seven months.”
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