Blog Banner

You Depend on Data. Depend on ACT Research

You Depend on Data. Depend on ACT Research

ACT Research: NA Medium and Heavy-Duty Volumes Contract in July

Posted by Jennifer McNealy on Aug 2, 2019 6:35:00 PM

Preliminary North America Class 8 net order data show the industry booked 10,200 units in July, down 21% from June and the lowest monthly order tally since February 2010. Note that these numbers are preliminary. Complete industry data for July, including final order numbers, will be published by ACT Research in mid-August.

DSC_3448copy“Weak freight market and rate conditions across North America and a still-large Class 8 backlog continue to bedevil new Class 8 orders. Though, with OEMs opening their new model-year order books in June and July, order weakness is increasingly the story of an overcapacitized Class 8 fleet,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “Seasonal adjustment boosts July’s intake to 12,100 units, bringing the “worst since” comparison measurably closer, October 2016.”

Regarding the medium duty market, Vieth explained, “While not as weak, and after a seven-year positive run, the medium duty segment is looking increasingly tired, with July’s preliminary Classes 5-7 net orders at 15,900 units, down 20% year-over-year and 18% through year-to-date July. Seasonal adjustment provides a major boost to July’s medium duty net orders, which rise to 19,100 units, still the lowest adjusted tally since October 2016.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American 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. More information can be found at www.actresearch.net.

Click here for more information about ACT’s Classes 5-8 reports.

ACT Seminar_92

 

ACT’s 61st seminar is scheduled for August 12-14, 2019, and will feature a dealer panel, as well as discussions on near-term demand of North American commercial vehicle markets and the impacts of tomorrow’s technical challenges. A global forecasting workshop is also being planned in conjunction with this semi-annual event. Click here for seminar information.

Topics: freight, freight rate, Classes 5-8, Economy, Press Releases

About ACT Research

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

 

Recent Posts