Net Truck Orders Slower In March, Says ACT
North American Class 8 truck net orders were above 20,000 units for a sixth consecutive month in March, but fell below February’s intake, according to information from ACT Research, the Indiana-based publisher of new and used commercial vehicle data, market analysis and forecasting for the North American and Chinese commercial vehicle markets.
Classes 5-7 net orders were also down month over month and year over year, ACT said. The final numbers, which will be released mid-April, will approach 22,100 units for heavy-duty Class 8 and 15,200 for medium-duty Classes 5-7 vehicles and trucks. The preliminary net order numbers are typically accurate to within 5% of actual.
“While down month over month, March’s Class 8 net orders were up 10% year over year and were the fourth best in the past 13 months,” said Kenny Vieth, president and senior analyst at ACT. “For medium-duty, the tough year-over-year comparisons mask an otherwise solid order month. March’s medium-duty order volume was the fourth best in the past 20 months. Historically, March has been the second strongest order month of the year for MD vehicles.”
Vieth added that orders continue to track generally in line with expectations underlying ACT’s medium- and heavy-duty forecasts. Overall, expectations for 2013 should be basically unchanged from the past several months.