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Class 8 orders end 2017 at a 37-month high: ACT

Jan. 18, 2018
Class 8 orders end 2017 at a 37-month high: ACT

North American Class 8 orders ended 2017 with a bang, rising to a 37-month high of 37,500-plus units, according to ACT Research Co. (ACT).

Strong orders since September have boosted Class 8 backlogs, setting the stage for a healthy uptick in Class 8 production in 2018.

“The US market was the primary driver of December’s Class 8 order strength, with orders climbing 127% y/y, even as cancellations remained negligible.” said Kenny Vieth, president and senior analyst.

He explained that tractor sleepers led the charge, jumping 260%.

“The inability of carriers to find drivers, the inflection in freight volumes, hurricanes, and the strongest holiday shopping season since 2010 have conspired to create a capacity shortfall that has destabilized the trucking industry’s supply/demand balance,” he said.

Regarding the medium duty markets, Vieth explained that in the time Class 8 has gone from peak to trough to peak, the medium-duty market has remained a model of consistency, with December orders up 2.2% y/y.