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Class 8 Retail Sales Hit Nine-Month High

Posted on July 22, 2013

Although commercial vehicle orders slipped month over month in June, there was still good news to be had according to information from ACT Research, the Indiana-based publisher of new and used commercial vehicle (CV) industry data for the North American and Chinese markets.

Class 8 net orders fell below 20,000 units for the first time since last September at 18,830 units. But “positively, Class 8 retail sales, when seasonally adjusted, were at a nine-month high of 22,000 units,” said Kenny Vieth, ACT’s president and senior analyst. “Through year-to-date June, sales have occurred at a seasonally adjusted annual rate of 249,000 units.

“Inventories were down 12,000 units from last June,” Vieth added, “and the inventory-retail sales ratio dropped to its lowest level, excluding the last two Decembers, since November 2011 at 47 days of supply at June’s sales pace.”

Classes 5-7 net orders also retreated, totaling just under 15,500 units, ACT said. The information was included in ACT’s latest State of the Industry report, now available from the company.

www.actresearch.net

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