Executive Briefings

September Class 8 Orders Modest, Classes 5-7 Orders Up 18 Percent Year Over Year

September is typically the second-weakest order month of the year for Class 8, so modest activity was expected. Class 8 net orders were 19,018 units. Meanwhile, the medium duty market was able to mostly offset a sharp pullback in bus orders to net 16,745 units in orders. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8 vehicles for the North American market.

September Class 8 Orders Modest, Classes 5-7 Orders Up 18 Percent Year Over Year

"On top of lower than expected Class 8 orders, cancellations also spiked in September, " said Kenny Vieth, ACT's president and senior analyst. "While low historically, they deviated from the recent trend, rising to 2.3 percent of backlog. October is usually the top cancellation month, suggesting cancellations are likely to be above the recent trend again next month."

ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

Source: ACT Research

"On top of lower than expected Class 8 orders, cancellations also spiked in September, " said Kenny Vieth, ACT's president and senior analyst. "While low historically, they deviated from the recent trend, rising to 2.3 percent of backlog. October is usually the top cancellation month, suggesting cancellations are likely to be above the recent trend again next month."

ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

Source: ACT Research

September Class 8 Orders Modest, Classes 5-7 Orders Up 18 Percent Year Over Year