ACT Research: September Class 8 orders highest monthly total ever

ACT Research: September Class 8 orders highest monthly total ever

Preliminary NA Class 8 net orders in September were 53,700 units, while NA Classes 5-7 net orders were 26,600 units. Complete industry data for September, including final order numbers, will be published by ACT Research in mid-October.

“The strength in orders reflects OEMs’ having fully opened their orderboards for 2023 a bit earlier than normal, as the seasonally weak period for truck orders typically runs May-September,” said Eric Crawford, vice president and senior analyst, ACT. “As such, typical seasonal adjustment is not as useful a statistic this month: September’s orders translate to 60,900 on an SA basis (+161% m/m, +94% y/y), equivalent to more than 730k units on a seasonally adjusted annualized basis.”

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. Additionally, Class 5 and Classes 6-7 are segmented by trucks, buses, RVs, and step van configurations.

“Using an October seasonal adjustment factor (typically the beginning of next-year orders) would translate to 43,800 units, equivalent to ~526k on an annualized basis. September Class 8 orders were sensational no matter how you slice the data,” Crawford said. “Over the past 12 months, 249,800 Class 8 orders have been booked.” About medium-duty orders, he added, “MD demand was strong. September Classes 5-7 orders increased 39% sequentially (+7% y/y) to 26,600 units.”

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.

You May Also Like

Why this year will be the ‘Year of Fuel Efficiency’ regulations

Plus top takes on the CHIPS Bill, Repair Act and what this Congress can actually get done.

HDAD-EV-National-Regulations-1400

Increasing engine emissions regulations, aggressive sustainability targets and the path toward zero emissions that is being blazed by California all contribute to what Ann Wilson, senior vice president, government affairs, MEMA, dubbed the "Year of Fuel Efficiency" from a regulations and legislations standpoint, during her Heavy Duty Aftermarket Dialogue presentation.

FTR reports: Shipper’s conditions stabilize

Aside from a large increase in diesel prices during the month, shippers’ market conditions were more positive m/m.

Live Blog: Heavy Duty Aftermarket Dialogue 2023 (Updated!)

It’s the first trucking event of the year! Here’s what happened, as it happened.

Heavy-Duty-Aftermarket-Dialogue-2023
Amid loose market balance, carriers start tapping the brakes on capacity

Volumes softened to the lowest levels seen since March and April of 2020.

ACT-Research-For-hire-trucking-600
EV truck manufacturers to give updates at Work Truck Week 2023 

NTEA has released more information about EV-related sessions.  

Other Posts

Trucking market 2023 prediction: Plan for uncertainty

The latest from FTR’s State of Freight online press conference.

transprotation-market-generic-1400
November used truck average retail price negative Y/Y

The average retail used truck price has descended into negative y/y territory for the first time since August 2020.

Equipment Finance Industry confidence improves in December

Cautious optimism is the theme as we move into 2023.

Kenworth T680 Next Gen. truck awarded to military vet rookie driver

Professional truck driver Ashley Leiva of Noemi Trucking received the keys to a Kenworth T680 Next Generation truck.