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ACT Research: Preliminary April Order Intake Data Shows MD Demand Holding Better Than HD

Posted by Jennifer McNealy on May 6, 2020 3:21:13 PM

Preliminary NA Classes 5-7 net orders in April fell to 7,600 units, down 69% compared to year-ago April and 50% below the March order intake. Complete industry data for April, including final order numbers, will be published by ACT Research in mid-May.

Additionally, ACT Research has created an easily accessible COVID-19 MARKET WATCH webpage to track noteworthy high frequency macroeconomic and transportation-specific market indicators, which can be found at https://pages.actresearch.net/covid-19.

ACT’s State of the Industry: Classes 5-8 Vehicles 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 activity-related 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. The Class 8 market is segmented into trucks and tractors, with and without sleeper cabs. The report includes a six-month industry build plan, a 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 (46)“Owing to its broader base of applications and vocational niches, medium-duty demand held up relatively well on an absolute basis in April when compared to their bigger [Class 8] brethren,” said Steve Tam, ACT’s Vice President. He continued, “That said, medium-duty net orders continued to slide during the month, falling to their lowest since April 2010.” Tam also mentioned, “The month of April is modestly stronger than average, so seasonal adjustment pulled orders lower.”

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 63rd seminar is scheduled for August 11-13, 2020. Focused on the road to recovery from the COVID-19 pandemic, the event will feature dealer, alternative power, and economic panels, as well as discussions on near-term demand of North American commercial vehicle markets and the pending impact of alternative power on the market in the near future. Both in-person and livestream options are available for those who wish to participate.

Click below to:

Get seminar information.

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

Get information about other ACT Research publications, click here.

Access April's State of the Industry: Classes 5-8 Vehicles Preliminary Press Release.

Access May's State of the Industry: Classes 5-8 Vehicles Report Press Release.

Access ACT Research's COVID-19 Market Watch.

Access In the News Page.

Topics: freight, logistics, Classes 5-8, Press Releases, class 5-8 trucks, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news, heavy duty truck, class8

About ACT Research

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

 

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