Nearly 60 percent August’s North American Class 8 orders are scheduled for build this year, and overall fill rates are generally in line with historical averages, ACT Reported Tuesday.
“Based on the build plans, Q4 was filled to 62 percent versus a historical fill rate of 69 percent,” says Tim Denoyer, ACT Research’s vice president and senior analyst. “For Q1, the August-ending build plan fill was 29 percent, just ahead of the 27 percent fill rate average of the past 10 years.”
Conversely, ACT says North America medium-duty build rate slowed again in August. Month over month, Classes 5-7 production declined 7 percent.
“Medium duty production was still up 23 percent year over year,” says Denoyer. “This is ahead of the year-to-date production growth rate of 4 percent, but set to slow into year-end.”