January Class 8 and 5-7 net orders were up 7% and 2% year-over-year respectively. According to ACT Research Co., Class 8 net orders were over 31,100 units in January, with Class 5-7 orders totaling 19,700 net orders. The company stated that February’s Class 8 orders marked the 25th consecutive month of year-over-year gains.
“Although February’s order volume qualifies as the weakest month in the past five, on a seasonally adjusted basis it also represents of ninth consecutive month of orders over 28,000,” Kenny Vieth, ACT’s president and senior analyst, said. Vieth added that the 2015 build schedule is filling rapidly, so “it is unlikely that this string of robust order activity can extend much beyond April/May.”
Talking about medium-duty orders, Vieth said, “After hitting a soft-patch through the middle of 2014, medium-duty orders have been above year-ago results in five of the past six months, even against a tough year-ago February comparison. Strong orders and below expectations build helped to boost the medium duty backlog-to-build ratio to 3.2 months, the highest reading in nearly five years.”
For more information on ACT, please visit www.actresearch.net.
