Despite falling well below April’s overheated intake, North American Class 8 net orders in May were 23,300 units—77% above the same month last year. That was strong enough to fuel continued growth in industry backlog, according to ACT Research Co. (ACT).
“Despite falling nearly 40% from April, May was nevertheless the eighth consecutive month of strong Class 8 order activity. It is worth nothing April’s level of order intake was unsustainable, so the pullback in May’s order volume was anticipated,” according to Kenny Vieth, president and senior analyst at ACT. “Even though orders were less robust and industry build rates continued to grow, the Class 8 backlog grew for a ninth straight month in May.”