For the month of July, 39,400 Class 5-8 vehicle orders were booked, up 10% from June and down 14% compared to July 2014, according to ACT Research. These numbers are preliminary. Actual numbers will be published in mid-August.
“ACT Research continues to believe the recent order decline is a reflection of meaningfully larger backlogs and tough comps rather than any structural change in demand,” said Kenny Vieth, ACT’s President and Senior Analyst.
“Class 8 orders were stronger than expected at 24,100 units. This was 19% above June orders. Despite the better than expected result, Class 8 orders fell 20% from July 2014. Seasonally adjusted, July’s net order volume rises to 28,900 units, the best order month on a seasonally adjusted basis since February.”
North American Class 5-7 vehicle orders remained in the doldrums for a second consecutive month in July, slipping 1% month-over-month and 4% year-over-year to 15,300 units.
“Some of this decline is attributable to seasonality,” said Vieth. “When seasonally adjusted, July’s medium-duty orders rise to 17,600 units, up 4% from June.”