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ACT Research: Preliminary NA Class 8 Net Orders Jump 78% Y/Y

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

Preliminary NA Class 8 net orders in October were 38,900 units, up 27 percent from September and a 78 percent improvement from year-ago October. NA Classes 5-7 demand jumped to a 10-quarter high (March 2018) in October, to 29,300 units. That order volume represents an improvement of 6 percent from September and an 84 percent uptick compared to last year. Complete industry data for October, including final order numbers, will be published by ACT Research in mid-November.

“Keeping in mind the freight backdrop of consumer spending on goods expanding and those for services contracting, preliminary October NA Classes 5-8 vehicles order data rose to 68,200 units. That volume represented a 17 percent gain from September and an 80 percent improvement compared to year-ago October,” said Kenny Vieth, ACT’s President and Senior Analyst. “October was the largest Classes 5-8 order tally in 26 months, and this month’s orders marked a fifth consecutive positive year-over-year reading, after 18 consecutive months of negative comparisons.”

Regarding the medium-duty market, Vieth commented, “There is a symbiotic relationship between heavy-duty freight rates and medium-duty demand, and clearly, the shift in consumer spending from experiences to goods has been beneficial for the providers of local trucking services, as e-commerce has grown by leaps and bounds during the pandemic.”

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