Orders for Medium-Duty Trucks rebound in August

Orders for Medium-Duty Trucks rebound in August

Truck customers placed orders for 16.900 new Classes 5-7 vehicles in August, according to preliminary figures compiled by ACT Research.  Final August numbers will be published in mid-September.

“Moving past the seasonally soft early summer, Classes 5-7 orders rebounded to a three-month high 16,900 units in August,” said Kenny Vieth, ACT’s president and senior analyst.

Despite the increase, however, orders failed to reach year-ago levels for a third time in the past four months.  They were down 5% from August 2015.

Vieth said that seasonal adjustment does not dispel the notion that demand for medium-duty trucks has moderated.   Even so, net orders for Classes 5-7 are running 3% ahead of year-ago order levels through  August. Year to date, Classes 5-7 net orders have been booked at an annualized rate just over 231,000 units (SA).
 

TAGS: Chassis News
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