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February net orders continue strong for Class 8 trucks

Class 8 net orders in February were up 30% year-over-year and Classes 5-7 net orders were up 18%.

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.

“The change in heavy-duty order velocity that began in October continued into February,” says Kenny Vieth, president and senior analyst at ACT Research Co LLC. “Despite falling below the previous two months, February’s order intake was the fifth best since Q2’06, leading to a two-year high backlog.”

Vieth adds that medium duty demand also continues strong and that February was the best order month in six years. “Classes 5-7 net orders rose to their third highest volume this cycle,” he says.

TAGS: Trucks News
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