Class 8 Orders Recover from July, 5-7s Low
COLUMBUS, IN — Class 8 preliminary net orders recovered from July and should approach 16,200 units, reported ACT Research today.
Meanwhile, classes 5-7 were at their lowest since January of this year.
“Class 8 orders were still caught between the economic soft patch and seasonality,” said Kenny Vieth, president and senior analyst, ACT Research. "When seasonally adjusted, orders were the best since February at 18,400 units,” he added.
However, said Vieth, seasonal adjustment provides no cushion for classes 5-7. "Seasonally adjusted, medium duty orders dropped to 13,100 units, another seven-month low. RVs, and to a lesser extent, buses, offset stronger truck orders during the month,” Vieth said.
ACT said that preliminary net order numbers are typically accurate to within 5% of actual.