January heavy-duty truck net orders up 51% Y/Y

Feb. 24, 2014
2 min read

Class 8 truck net orders started 2014 with a high-side surprise, up 9% month-over-month and 51% year-over-year, according to the latest report from ACT Research Co LLC. Classes 5-7 also got off to a good start with orders up 14% m/m and 33% y/y.

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.

“While orders were strong, one has to read between the lines to appreciate Class 8 retail sales in January,” said Kenny Vieth, president and senior analyst at ACT Research. “Thanks to year-ending tax and sales incentives, Class 8 retail sales posted a sharp drop in January from December. But this is the case every year. However, applying seasonal adjustment gives a better picture: Adjusted Class 8 sales rose 9% m/m to a 22-month high. Strong orders pushed backlogs to a 22-month high and the backlog/build ratio jumped to 4.9 months.

“For medium-duty, all of January’s sequential order strength and most of the y/y improvement came from the heavier end of the market, Classes 6-7. Broken down by vehicle type, trucks (as opposed to buses and RVs) accounted for virtually all of the sequential order increase.”

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