Class preliminary 8 net orders strong

Class preliminary 8 net orders strong

Demand for commercial vehicles remained at healthy levels in July as 45,400 total N.A. Classes 5-8 orders were booked, according to ACT Research. In the ten months since the start of stronger orders last October, N.A. Classes 5-8 net orders have been booked at an average of 45,200 units per month. Annualized, that represents a total Classes 5-8 order volume of 542,400 units.

“In July, historically the weakest month for order volumes, N.A. Class 8 net orders again rose above expectations to a six-month high 29,900 units,” said Kenny Vieth, ACT’s president and senior analyst. “That volume marked an improvement of 12% from June and 70% compared to year-ago July,” said Vieth. “In addition to a continuation of the ongoing strong order trend, some of the non-seasonal strength in July might be related to the rapidly dwindling supply of available build slots in 2014.”

Concerning medium-duty net orders, Vieth said, “July’s preliminary 15,500 N.A. Classes 5-7 net orders fell almost perfectly between the May and June volumes. The preliminary result is also middle of the road in terms of comparisons: up 3% m/m, but down 4% compared to year ago levels, making a third consecutive below year-ago reading. Part of the recent occurrence of modest negative y/y comparisons can be chalked up to tough comps: the medium-duty market began to strengthen appreciably starting in April of last year.”

You May Also Like

Navistar releases decarbonization update in 2023 sustainability report

Navistar said the report also looks at its commitment to sustainability through environmental initiatives, human rights due diligence and more.

Navistar-2023-sustainability-report

Navistar recently shared its 2023 Sustainability Report, which the company says highlights how it is "accelerating the impact of sustainable mobility with its main area of strategic focus on decarbonization." Navistar said the report also shines a light on how the company is solidifying its commitment to sustainability through circular business practices, social impact and environmental compliance initiatives, human rights due diligence, and diversity, equity, and inclusion efforts.

Scania opens orders for autonomous mining trucks

Scania’s 40-tonne autonomous heavy tipper for mining available to order, and the 50-tonne model to follow shortly afterwards.

Scania-autonomous-mining-truck
FTR: Truck orders exceed recent trends in May; vocational sales stand out

Not only are orders up m/m and y/y, FTR said this level is above recent demand trends and 2% above the average for May over the past decade.

FTR-May-Preliminary-Class-8-orders
PACCAR MX-13 CARB compliant engine available in Peterbilt 579, 567, 589

The PACCAR MX-13 diesel engine meets the CARB Omnibus Regulation and is available in high performance or efficiency focused ratings.

Cummins, PACCAR, Daimler Truck N.A. complete joint venture formation

The completed joint venture is now known as Amplify Cell Technologies.

Accelera-Daimler-Paccar

Other Posts

FTR sees rise in April trailer orders

With 13,016 units sold, April saw 9% m/m and 45% y/y gains. However, trailer orders were still 20% below the average for the last 12 months.

FTR-april-trailer-orders-chart
FTR: Neutral outlook despite Shippers Conditions Index improvements

Stable diesel prices and slightly more favorable rates resulted in a better market for shippers in March, but conditions may deteriorate soon.

FTR-Shippers-Condition-Index-March-chart
Food Forward Inc. uses Volvo VNR electric to fight food insecurity

Food Forward says food insecurity and climate change are interconnected global issues, and this move helps address both at once.

Food-Forward-Volvo-VNR-Electric
Daimler Truck N.A. to add EV training center, engineering facility to Oregon HQ

The investments include a new Electric Vehicle Supply Equipment (EVSE) training center, and a new engineering facility.

Daimler-Portland-HQ-Clean-Transport-investments