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ACT Research: Class 8 Truck Order Surge Paused in March

April 03, 2024, 07:16 AM
Filed Under: Trucking

March preliminary North America Class 8 net orders were 17,300 units, down 10,400 units from February and 18.7 percent from a year ago. Complete industry data for March, including final order numbers, will be published by ACT Research in mid-April.

“Nascent improvements in the freight market and select OEMs’ efforts to smooth demand, notwithstanding forced conservatism among a portion of the truck buying populace, capped Class 8 order activity in March,” said Steve Tam, ACT’s Vice President and Analyst. “While we will have to wait for the details of the month’s order volumes, logic suggests waning demand for tractors in the market retrenched in March.”

A very middling seasonal factor, 1.3 percent, reduces March’s intake to 17,100 units (206k SAAR), down 8.6 percent from February. March marks the first month since May 2023 for seasonally adjusted activity below 20,000 units.

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