FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


ACT Research: COVID-19’s Impact Deepens with Weakest Class 8 Orders Since 1995

May 06, 2020, 07:20 AM
Filed Under: Trucking

Preliminary NA Class 8 net orders in April fell to 4,100 units, down 46 percent from March and 72 percent lower than an easy year-ago comparison. Complete industry data for April, including final order numbers, will be published by ACT Research in mid-May.

“April represents the first full month of COVID-19 impacts on the trucking industry, and given broadly halted economic output leading to a sharp drop in freight volumes and rates, as well as more empty miles from fragmented supply chains further impacting carriers’ profitability, a negative order number was within the realm of possibilities,” said Kenny Vieth, ACT’s President and Senior Analyst. “We suspect that, as was the case in March, instead of cancelling, order holders are content to move orders from close-in to later build dates, as they analyze the ongoing COVID impact.”

Vieth also mentioned, “From a seasonal perspective, April is a relative neutral Class 8 order month, and as such, seasonal adjustments add little to actual data. On that basis, April was the weakest Class 8 order month since September of 1995, which actually produced a negative net order number.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.