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


ACT Research: NA Classes 5-8 Vehicle Orders Close 2020 in Near-Record Territory

January 07, 2021, 07:10 AM
Filed Under: Trucking

Preliminary NA Class 8 net orders in December were 50,900 units, down 2 percent from November, but a 153 percent improvement from year-ago December. NA Classes 5-7 demand, with orders at 35,100 units, rose 28 percent sequentially and 73 percent compared to last December. That order volume represents a second-best-ever volume, while the Class 8 net order intake marks the fourth-highest level in history. Complete industry data for December, including final order numbers, will be published by ACT Research in mid-January.

“The pandemic-impacted economy continues to play into the hands of trucking, as consumers continue to substitute spending on services with spending on goods, even as the manufacturing sector begins to ramp,” said Kenny Vieth, ACT’s President and Senior Analyst. “Simultaneously, the driver supply remains constrained and that supply-demand imbalance is reflected in rate data. With strong freight volumes, drivers in short supply, rates surging and carrier profits certain to follow, the precise recipe for surging new vehicle demand, which continued in December, is created.”

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

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.

Comments From Our Members

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