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ACT Research: Medium Duty Orders Have Shown Resilience Recently

Posted by Jennifer McNealy on Feb 6, 2020 8:00:00 PM

After softness in late Q3/early Q4, medium duty orders appear to have shown some resilience the past two months. In January, preliminary data show NA Classes 5-7 net orders at 18,500 units, down 9% from December and 20% y/y. Complete industry data for January, including final order numbers, will be published by ACT Research in mid-February.

ACT’s State of the Industry: Classes 5-8 report provides a monthly look at the current production, sales, and general state of the on-road heavy and medium duty commercial vehicle markets in North America. It differentiates market indicators by Class 5, Classes 6-7 chassis and Class 8 trucks and tractors, detailing measures such as backlog, build, inventory, new orders, cancellations, net orders, and retail sales. Additionally, Class 5 and Classes 6-7 are segmented by trucks, buses, RVs, and step van configurations, while Class 8 is segmented by trucks and tractors with and without sleeper cabs. This report includes a six-month industry build plan, backlog timing analysis, historical data from 1996 to the present in spreadsheet format, and a ready-to-use graph package. A first-look at preliminary net orders is also published in conjunction with this report.

animation - 2020-02-10T163254.758“Seasonal adjustment provides an incremental bump to January’s medium duty net orders, which rise to 18,700 units,” said Steve Tam, ACT’s Vice President. He continued, “This means the Classes 5-7 backlog should slide by around 3,200 units, to 49,700 units, but we caution that the data never quite align month to month. The underlying build numbers are projected, so there will some variability in reported backlogs when final data is collected.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.

ACT’s 62nd seminar is scheduled for February 11-13, 2020, and will feature trucker, electrification, and economic panels, as well as discussions on near-term demand of North American commercial vehicle markets and the pending impact of electrification on the market in the near future. A commercial vehicle database workshop is also being planned in conjunction with this semi-annual event.

 

Click below to:

Access seminar information.

Get more information about ACT’s Classes 5-8 reports.

Access information about other ACT Research publications, click here.

January's State of the Industry: Classes 5-8 report Press Release. 

Access In the News Page.

 

Topics: logistics, Press Releases, class 5-8 trucks, commercial truck report, supply chain, medium duty truck, truck market, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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