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ACT Research: NA Medium and Heavy-Duty Volumes Rebound in August

Posted by Jennifer McNealy on Sep 4, 2019, 6:45:00 PM

Preliminary North America Class 8 net order data show the industry booked 10,900 units in August, up nearly 6% from July, but 79% below last August’s best-ever order month. Note that these numbers are preliminary. Complete industry data for August, including final order numbers, will be published by ACT Research in mid-September.

animation (30)08.05.19“Weak freight market and rate conditions and a still-large Class 8 backlog continue to bedevil new Class 8 order traffic. Though, with OEMs opening their new model-year order books, order weakness is increasingly the story of an overcapacitized Class 8 fleet, as truckers start to make their plans for 2020,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “August is typically a weak order month. Seasonal adjustment boosts the month’s intake to 12,500 units, a narrower 2.8% month-to-month improvement.”Weak freight market and rate conditions and a still-large Class 8 backlog continue to bedevil new Class 8 order traffic. 

Regarding the medium duty market, Vieth explained, “If the weakness in the Class 8 market is a reflection of broad softness in freight-intensive economic sectors, the modest downturn in Classes 5-7 order activity is more reflective of the still-healthy consumer economy in much of North America. Though, after a seven-year positive run and some inventory building, the MD is looking increasingly tired. In August, NA Classes 5-7 net orders were 18,800 units, up 10% from July, but down 22% y/y.”

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. Executive staff appointments include a seat on the Board of Directors of the National Association for Business Economics and Consulting Economist to the National Private Truck Council. Accolades include 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.

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

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

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