Class 8 Retail Sales Hit Nine-Month High
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.