Class 8 net orders in February were up 30% over the same month a year ago and Classes 5-7 net orders were up 18%, according to the State of the Industry report released by ACT Research Co. (ACT).
“The change in heavy-duty order velocity that began in October continued into February,” said Kenny Vieth, president and senior analyst at ACT Research Co., LLC. “Despite falling below the previous two months, February’s order intake was the fifth best since Q2’06, leading to a two-year high backlog.”
Vieth said that MD demand also continues strong and that February was the best order month in six years.
“Classes 5-7 net orders rose to their third highest volume this cycle.”