COLUMBUS, Ind. – Preliminary data for January indicated that North American Class 8 net orders hit a 14-month high at 22,200 units in January, rising above both the prevailing order trend and expectations, ACT Research reported today.
“This is the time of year when big fleets are in the market scheduling replacement orders for the coming year,” said Kenny Vieth, ACT’s president and senior analyst. “Rising 21 percent versus a year-ago January, this is only the second positive year-over-year comparison in 23 months.”
North American Classes 5-7 preliminary orders hit an 11-month high in January, rising 32 percent to 23,000 units.
“As the year’s opening stanza is typically one of the weakest in terms of order activity, seasonal adjustment provides a strong boost, pushing the adjusted net order volume to 24,450 units,” said Vieth. He continued, “To put that number into context, January’s seasonally-adjusted medium-duty net order total was the best monthly reading in nine years, or since February 2008.”
ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the China CV market, the firm stated. 8
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