May Net Truck Orders Go Sideways, Says ACT
North American Class 8 preliminary net orders of 23,300 were a virtual carbon copy of April and preliminary net orders for Classes 5 through 7 of 16,700 units were also in line with the previous month’s tally, according to information from ACT Research, the Indiana-based publisher of information on the North American and Chinese commercial vehicle markets.
While final numbers will be released mid-June, preliminary net order numbers are typically accurate to within 5% of actual, ACT said.
“May typically represents the start of the slower order season for Class 8,” said Kenny Vieth, president and senior analyst, ACT Research. “As such, seasonal adjustment pushed May’s order number above the recent trend to 24,300 units.
“The preliminary volume for Classes 5-7 represents a 12% increase compared to last year. With a low but positive factor, seasonal adjustment gave a modest boost to the May order tally at 17,200 units."
For more information, go to http://www.actresearch.net.Edit Module