In The News
Commercial vehicle orders healthy in September
COLUMBUS, Ind. — North America heavy and medium GVW Classes 5-8 commercial vehicle preliminary net orders for September improved month-over-month beyond expectations, as reported by ACT Research Co. LLC.
The final numbers, which will be released mid-October, will approach 23,800 units for heavy duty Class 8 trucks and 13,800 for medium Classes 5-7 vehicles. Both vehicle categories also posted positive year-over-year gains.
The preliminary net order numbers are typically accurate to within 5 percent of actual.
“The strength in orders is indicative of healthy underlying fundamentals in the heavy truck market,†said Kenny Vieth, ACT’s president and senior analyst. “Fleet equipment is old, trucker profitability is good, and used truck values are strong. Barring an economic collapse, these factors should support continued strength in Class 8 orders.â€
ACT http://www.actresearch.net
publishes new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China CV market.
Kevin Jones of
The Trucker
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