Class 8 Truck Orders Up Again In May
North American Class 8 truck orders remained above 20,000 units for an eighth consecutive month in May, rising to their second-highest volume in 17 months, according to information from ACT Research, the Indiana-based publisher of data for the North American and Chinese truck and commercial vehicle industries.
New and net Class 8 orders were essentially flat at 24,218 units and 23,188 units, respectively while Classes 5-7 net orders totaled 17,088 units, the best order volume in the past eight months, ACT said. “New orders being placed for Class 8 vehicles continue to come from soon-to-be buyers who are genuine in their need for new trucks,” said Steve Tam, ACT’s vice president-Commercial Vehicle Sector. “Cancellations fell meaningfully in May, flirting with a new all-time low. The lack of speculative orders bodes well for the industry as any increase in need for trucks will translate immediately into order activity.”
May was also a good month for deliveries of Volvo trucks, as globally, the company saw an increase of 4% over the same month last year.
In all, Volvo delivered 9689 Volvo trucks in May. Deliveries in North America were up 10% to 2416 vehicles in comparison with the same period in 2012, while deliveries for South America increased 30% to 2178 commercial vehicles. May deliveries in Brazil alone increased 40% to 1750 trucks, the company said.
Deliveries in Europe fell 11% from May 2012 levels, totalling 3556 vehicles.