Preliminary NA Class 8 net orders in June were 25,700 units, up 11% from May, and a still robust 61% higher than June of 2020’s COVID-impacted intake. NA Classes 5-7, with orders at 22,800 units, slipped 12% from May. Demand in this segment faced a tougher year-ago comparison, but still outpaced June 2020 by 26%. Complete industry data for June, including final order numbers, will be published by ACT Research in mid-July.
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.
“With 2021 backlogs essentially filled and 2022 order activity remaining calendar constrained, North American Classes 5-8 orders in June moved sideways from May,” said Kenny Vieth, ACT’s President and Senior Analyst. He added, “We reiterate that order moderation aligns with expectations, driven by the supply of open build slots in 2021 and not fully opened 2022 orderbooks, rather than any material fall-off in demand for equipment.”
Regarding the heavy-duty market, Vieth commented, “With orders below recent activity, the three and six-month net order SAARs continued to moderate, but remain at still-robust run rate levels.” He noted, “June’s Classes 5-7 net orders slowed, in a still-supportive vehicle demand environment, with three and six-month SAARs remaining elevated.”
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.
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