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ACT Research: Preliminary NA Classes 5-8 Vehicle Orders Still Healthy

Posted by Jennifer McNealy on Dec 2, 2020 6:21:25 PM

Preliminary NA Class 8 net orders in November were 51,900 units, up 33% from October and a 197% improvement from year-ago November. NA Classes 5-7 demand continued in-line with recent activity, at 27,200 units. That order volume represents a 9% decrease from October’s 30-month high, but was still up 78% compared to last year. Complete industry data for November, including final order numbers, will be published by ACT Research in mid-December.

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.

“The pandemic impacted economy continues to play into the hands of trucking,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “With freight rates surging to record levels the past three months and carrier profits certain to follow, orders accelerated in November. Preliminarily, North American Class 8 net orders rose to the third highest level in history, proving once again our favorite commercial vehicle demand axiom, when carriers make money, they buy, or at least order, trucks.”

Used 12.4.20

Regarding the medium-duty market, Vieth commented, “There is a symbiotic relationship between heavy-duty freight rates and medium-duty demand. Clearly, the shift in consumer spending from experiences to goods has been good for the providers of local trucking services as e-commerce has grown by leaps and bounds during the pandemic.”

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 64th Seminar is scheduled for February 23-25, 2021. Focused on the continuous evolution and advancement of power and energy changes in the transportation and commercial vehicle markets, OUTLOOK Seminar 64 will feature key industry leaders such as Ryan Reed of Wabash National, John Bennett from Meritor, Lance Riegel of Marvin Johnson, and Dominick Beckman from Hino Motors. Look for more details on this event over the coming months and save the date for February’s event.

Click here to: 

Access seminar information

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

Access information about other ACT Research publications. 

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

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

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

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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