ACT Research announced Tuesday preliminary North America Class 8 net order data show the industry booked 42,200 units in June, exceeding 40,000 units for the fourth time in six months.
“Preliminary net order data indicate that demand for Class 8 trucks continued to be strong in June, improving 133 percent compared to year-ago June orders,” says Kenny Vieth, ACT’s president and senior analyst. “As June is typically a weak order month, the robust actual order volume boosts June’s seasonally adjusted volume to the best of the cycle and second best of all time at 48,200 units.
“Through year-to-date June, Class 8 orders have been booked at a 492,000 seasonally adjusted annual rate.”
Vieth says the medium-duty market also was solid in June, though below the strong rate of Q1.
“For the month, preliminary North American Classes 5-7 net orders rose 23 percent year-over-year to 26,400 units. With a favorable boost from seasonality, June’s seasonally adjusted order volume jumped to 29,100 units, bringing Classes 5-7 orders booked through the first half of 2018 to a 320,000 seasonally adjusted annual rate,” he says.
ACT notes that these numbers are preliminary. Complete industry data for June, including final order numbers, will be published in mid-July.