Visit Our Sponsors
North America medium and heavy duty GVW Classes 5-7 and Class 8 commercial vehicle preliminary net orders for January were generally in line with expectations, as reported by ACT Research Co., LLC (ACT). The final numbers, which will be released mid-February, will approach 25,200 units for heavy duty Class 8 trucks and 13,500 for medium duty Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5 percent of actual.
There were no surprises with the level of order intake in January," said Kenny Vieth, president and senior analyst, ACT Research. "The preliminary net orders for both Classes 5-7 and Class 8 support our forecasts for production in 2012," he added.
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. ACT's CV services are used by major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.
Source: ACT Research
Enjoy curated articles directly to your inbox.