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


ACT: November Class 8 Net Orders Rise 40%

December 20, 2016, 07:00 AM
Filed Under: Trucking

Class 8 net orders moved upward in November, following the weak, cancellation heavy numbers reported last month. November new orders totaled 21,108 units, with the net at 19,440 units. “In addition to rising 40% from October, November marked the first positive y/y net order report in 22 months,” said Jim Meil, ACT Research Principal and Industry Analyst. Meil continued, “After spiking to a volume not seen since 1999, cancellation activity returned to trend levels in November at 1,668 units and a cancellation rate of 2% of the backlog.”

Speaking on Classes 5, 6, and 7, Meil noted, “The consumer side of the economy remains solid, and overall there is consistency in MD demand.” He continued, “That is why we think the subpar orders results reported for Classes 5-7 in November were an outlier. Specifically, Classes 5-7 net orders were 17,372 (17,300 SA) – about 1,700 under the 2016 ytd average.”

ACT is the 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 U.S. tractor-trailer market and 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 in North America, Europe, and China.

Comments From Our Members

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