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


ACT Research: June Class 8 Truck Orders Increase 5% Y/Y

July 06, 2023, 07:06 AM
Filed Under: Trucking

Preliminary NA Class 8 net orders remained seasonally soft (as expected) in June with 16,200 units, up 5 percent year over year (y/y) and 4 percent month over month (m/m), while preliminary Classes 5-7 rose a modest 2 percent y/y with 17,700 units (-12 percent m/m). Complete industry data for May, including final order numbers, will be published by ACT Research in mid-July.

“Given robust Class 8 orders into year-end 2022 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. June orders were in line with this view, bringing the YTD monthly SA average to 18,200,” 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 until 2024 orderboards open.”

He added, “Medium-duty demand rose a modest 2 percent y/y to 17,700 units (-12 percent m/m). The seasonally adjusted June intake, at 19,100 units, increased 2 percent y/y (-12 percent m/m), equivalent to ~229k units on an annualized basis.”

Comments From Our Members

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