Backlogs bump back over 100 days

ACT Research announced Wednesday November’s strong Class 8 orders reported have boosted backlogs by 10,100 units to 115,200 units.

“Coupled with a modestly slower per-day build rate in November, the Class 8 backlog rose an additional 11 days, to 102 days,” says Kenny Vieth, ACT Research’s president and senior analyst. “On a monthly basis, the backlog is 4.9 months, up 110bps since September.”

ACT also notes there was also positive movement on the inventory front as November marked the first time since January when inventories contracted.

“This is the time of year when fewer production days and tax-related year-end buying help alleviate the inventory building that has occurred through the year,” says Vieth “That process started in November, with Class 8 inventory falling nearly 600 units. Slightly lower inventories and a slightly higher sales rate did little to reduce the inventory/retail sales ratio, which fell by 1 day, to 2.5 months/53 days.”

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