November’s North America Classes 5-7 commercial vehicle net orders are expected at 18,000 units (±5%) and Class 8 orders are expected at 21,200 units (±5%), when actual data are released mid-month.
“The ‘Great OK’ continued for Classes 5-8 commercial vehicle orders placed in November,” says Steve Tam, ACT’s vice-president--Commercial Vehicle Sector.
After posting the best order month since February 2008 in October, November’s Classes 5-7 vehicle preliminary orders exceeded trend and expectations. Compared to a year ago, medium-duty orders were up 26% in November and 11% year to date.
Class 8 net orders, which spiked at their highest level in nearly two years in October, retreated in November. November’s Class 8 order volume represents gains of 6% compared to last November and 13% YTD.