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ACT Research: NA Medium and Heavy-Duty Volumes Contract in July

August 05, 2019, 07:10 AM
Filed Under: Trucking

Preliminary North America Class 8 net order data show the industry booked 10,200 units in July, down 21 percent from June and the lowest monthly order tally since February 2010, ACT Research announced.

“Weak freight market and rate conditions across North America and a still-large Class 8 backlog continue to bedevil new Class 8 orders. Though, with OEMs opening their new model-year order books in June and July, order weakness is increasingly the story of an overcapacitized Class 8 fleet,” said Kenny Vieth, ACT’s President and Senior Analyst. “Seasonal adjustment boosts July’s intake to 12,100 units, bringing the ‘worst since’ comparison measurably closer, October 2016.”

Regarding the medium duty market, Vieth explained, “While not as weak, and after a seven-year positive run, the medium duty segment is looking increasingly tired, with July’s preliminary Classes 5-7 net orders at 15,900 units, down 20 percent year-over-year and 18 percent through year-to-date July. Seasonal adjustment provides a major boost to July’s medium duty net orders, which rise to 19,100 units, still the lowest adjusted tally since October 2016.”

These numbers are preliminary. Complete industry data for July, including final order numbers, will be published by ACT Research in mid-August.

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