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


ACT Research: Class 8 Truck Orders at 15,500 Units in May, Up 10% Y/Y

June 05, 2023, 07:10 AM
Filed Under: Trucking

Preliminary NA Class 8 net orders bounced back in May with 15,500 units, up 10 percent y/y (+29 percent m/m), while preliminary Classes 5-7 surged 27 percent y/y with 19,000 units (+3 percent m/m). Complete industry data for May, including final order numbers, will be published by ACT Research in mid-June.

“Given robust Class 8 orders into year end and the ensuing backlog support, coupled with normal seasonal order patterns, orders were expected to moderate into Q2 and remain at relatively soft levels into mid-Q3’23. May orders were in line with this view,” said Eric Crawford, ACT’s Vice President and Senior Analyst. “The relatively few build slots still free in 2H’23 suggest order intake is unlikely to find meaningful traction in the coming months.”

He added, “Medium-duty demand surged 27 percent higher y/y to 19,000 units (+3 percent m/m), reversing course after three straight months of y/y declines. The seasonally adjusted May intake, at 20,600 units, increased 28 percent y/y (+11 percent m/m).”

Week's News

Comments From Our Members

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