North American Class 8 net orders totaled 42,224 units in June, marking the fourth time in six months in which industry orders cracked 40,000 units, according to ACT Research (ACT).
“North American Class 8 net orders continued to materially outpace the industry’s ability to sate demand, and June’s performance is more impressive in that it is typically one of the weakest months of the year for orders,” says Kenny Vieth, president and senior analyst. “When seasonally adjusted, June’s intake rises to 48,264 units. Seasonally adjusted, we have to track back to March 2006 to find the only month in history that surpasses June’s volume.”
Regarding the medium duty markets, Vieth says, “Demand for medium-duty vehicles remained on a strong path in June, with Classes 5-7 orders rising to a three-month high of 26,649 units. Through year-to-date June, medium-duty orders are up 23 percent year-over-year, and current market strength continues to hearken back to 2006.”