November Classes 5-7 net orders are expected at 18,000 units (±5%) and Class 8 orders are expected at 21,200 units (±5%) when actual data are released mid-month, according to ACT Research.
After posting the best order month since February 2008 in October, November’s Class 5-7 vehicle preliminary orders exceeded trend and expectations. Compared to a year ago, medium-duty orders were up 26% in November and 11% YTD.
“The ‘Great OK’ continued for Classes 5-8 commercial vehicle orders placed in November,” said Steve Tam, ACT’s Vice President – Commercial Vehicle Sector.
Class 8 net orders, which had spiked to their highest level in nearly two years in October, retreated in November. November’s Class 8 order volume represents gains of 6% compared to last November and 13% YTD.