Medium duty net orders totaled 16,740 units, the best order volume in six months and the second-best in the past 26. 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. The report covers Classes 5 through 8 vehicles for the North American market.
Class 8 orders year-to-date bound for the U.S., Canada and Mexico all continue to trend above year-ago levels. "Demand from Mexico is particularly strong," said Kenny Vieth, ACT's president and senior analyst. "Class 8 cancellations remained in record low territory in April, which is a positive indicator for stronger demand."
He added: "As has been the case this cycle, backlogs for the medium duty market remain thin relative to build. Per-day build hit its second highest level in a year in April."
ACT is a publisher of 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.
