North America Class 8 commercial vehicle preliminary net orders for November surprised on the downside, coming in well below October actuals.
According to ACT Research Co. the final numbers, which will be released mid-December, will approach 20,700 units for heavy duty Class 8 trucks and 13,400 for medium Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual.
"We believe there was a pull-forward of demand in October to counteract the impact of price increases for the new model year," said Steve Tam, ACT vice president-commercial vehicle sector. "The underlying fundamentals in the heavy truck market remain healthy. Classes 5-7 preliminary net orders continue to flow in a very narrow band. As a case in point, when seasonally adjusted and annualized, the Classes 5-7 net order matched the YTD average."
More info: www.actresearch.net.
November Commercial Vehicle Net Orders Weaker than Expected
North America Class 8 commercial vehicle preliminary net orders for November surprised on the downside, coming in well below October actuals
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