NA Class 8 Orders Rebound from January to February, Down Y/Y
MAR 6, 2019 - 6:35 am
According to ACT Research, preliminary North America Class 8 net order data show the industry booked 16,900 units in February, up a modest 5% from January, but down 58% from year-ago February.
These numbers are preliminary. Complete industry data for February, including final order numbers, will be published by ACT Research in mid-March.
“February marks the third consecutive month of orders meaningfully below the current rate of build. Over that three-month period, Class 8 orders have been booked at a 194,000 SAAR,” said Kenny Vieth, ACT president and senior analyst. “Even though orders are well off their year-ago highs, a trend that is expected to persist through most of this year, we continue to believe that current order weakness has more to do with the very large Class 8 backlog and orders already booked than with the current erosion of the truck-to-freight supply-demand balance.”
Monitor’s Top 25 Vendor Players broke the $40 billion mark in new originations this year, but while most saw positive growth, the overall percentage increase slipped slightly from 6.4% in 2017 to 6.1% in 2018. The top eight companies from... read more
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more