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Medium Duty Orders Fall 10% M/M, Heavy Duty Orders Flat, ACT Research

November 04, 2016, 07:04 AM
Filed Under: Trucking

For the month of October, preliminary Classes 5-8 order data show the industry booked 32,400 net orders. Note that these numbers are preliminary. Complete industry data for October, to include final order numbers, will be published in mid-November.

“NA Classes 5-7 orders at 18,400 units, were down 10% from September and 18% compared to year ago October orders,” said Kenny Vieth, ACT’s President & Senior Analyst. Speaking on the heavy-duty sector, Vieth noted: “The month’s 13,900* net order reflects lingering overcapacity from too many Class 8 tractors being purchased relative to freight creation in 2015 and into early 2016.” As October is typically a strong order month for both MD and HD vehicles, seasonal adjustment adjusts actual volumes lower.

ACT is the recognized leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.

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