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November Class 8 orders disappointing; medium-duty demand up

After a high-side surprise in October 2013, Class 8 orders provided some low-side disappointment in November 2013.

For the month, new and net orders were 22,231 and 21,255 units, respectively. Classes 5-7 orders totaled 18,407 units, up 28% year over year. 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.

“Class 8 orders for the US and Canada have generally out-performed their year ago results,” said Kenny Vieth, president and senior analyst at ACT Research Co LLC. “In contrast, export orders have fallen 26% year over year and orders for Mexico have slowed sharply in the year’s second half,” he added. “For medium-duty, November is typically a weak order month, but seasonally adjusted November orders of 19,100 units were the second best volume this cycle.”
 

TAGS: Trucks News
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