ACT Research: Preliminary May Class 8 orders beat expectations

ACT Research: Preliminary May Class 8 orders beat expectations

Early data shows Class 8 orders climbed considerably both m/m and y/y, but ACT it's a slightly different story for Classes 5-7.

According to ACT Research, May preliminary North America Class 8 truck net orders came in at 23,200 units, up 46% month-pver-month and 49% year-over-year on what ACT calls “soft comparisons.”

Of medium-duty orders, ACT vice president and analyst Steve Tam called them “a picture of stability.” North America Classes 5-7 net orders were 18,900 units in May, up 0.2% m/m, but down 6.9% y/y., he added.

“Market observers may recall that demand typically slows in Q2. However, surprises are always lurking. Class 8 preliminary order intake provided May’s drama, effectively zigging when they were expected to zag,” Tam said. “Ample open build slots in Q3 and Q4, combined with the OEMs’ desire to achieve some semblance of balance with respect to the impending prebuy likely impacted May’s order activity. While we do not have complete visibility at this point, the strength is presumably driven by private and vocational fleets, supplemented by an ongoing healthy appetite for equipment in Mexico.”

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