Commercial Vehicle Orders Drop in February, But Still Healthy
COLUMBUS, IN — ACT Research reported today that North America medium and heavy-duty GVW classes 5-7 and Class 8 preliminary vehicle net orders for February were down from January.
The final numbers, ACT said, are approaching 22,500 units class 8 trucks and 12,800 for classes 5-7.
“February net orders were incrementally below expectations,” said Kenny Vieth, president and senior analyst, ACT Research.
“However, healthy backlogs and strong orders over the previous four months continue to support our forecasts for 2012,” he added.
The preliminary numbers are typically accurate to within 5 percent of the actual numbers, which are set to release mid-March.