Class 8 orders improve in August

Class 8 orders improve in August

Class 8 net truck orders rose to a three-month high of 14,200 in August, the best showing since March, according to data from ACT Research Co. This was aided in part by cancellations, which fell to a 33-month low. Medium-duty net orders were up month-over-month, totaling 17,100 units, in-line with the order trend in place since April.

ā€œWhile down in August against traditional comparisons, Mexico remains the bright spot in the market as freight generation continues to benefit from peso weakness,ā€ said Kenny Vieth, ACT’s president and senior analyst. ā€œA proposed emissions mandate at the start of 2018 is likely adding to market strength as truckers think strategically.ā€

Speaking on Classes 5ā€“7, Vieth continued, ā€œWith the consumer economy hitting on most cylinders, and without any irrational demand activity cycle-to-dateā€”aside fromĀ maybe a few months of peakiness early in the year as new products were ramped upā€”there is good consistency in medium-dutyĀ demand, and steady-as-she-goes expectations remain in place.ā€

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