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ACT Research: Preliminary Class 8 Orders Down 16% Y/Y in February

March 04, 2020, 07:00 AM
Filed Under: Trucking

Preliminary NA Class 8 net orders in February were 14,100 units, down 18 percent from January and 16 percent lower than an easy year-ago comparison. February’s Classes 5-7 net orders rose to an 11-month high 22,200 units, up 12 percent from January, but down 12 percent from a very strong year-ago comparison. Complete industry data for February, including final order numbers, will be published by ACT Research in mid-March.

“Weak freight market and rate conditions, as well as a still-large backlog, continue to bedevil new Class 8 orders,” said Kenny Vieth, ACT’s President and Senior Analyst. “February is not a particularly strong Class 8 order month and this February’s results, seasonally adjusted, were the weakest monthly order rate since last August.”

Vieth also mentioned, “With COVID-19 becoming a hot topic at the end of February, one wonders if that impacted order activity.”

Regarding medium duty activity in February, he noted, “COVID-19 did not seem to bother medium-duty vehicle buyers as much, as that segment reported a third consecutive month of solid orders. Starting in February, the calendar rolls into the peak order season for medium duty vehicles.”

ACT’s State of the Industry: Classes 5-8 Vehicles report provides a monthly look at the current production, sales and general state of the on-road heavy and medium duty commercial vehicle markets in North America.

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