Truck Orders Jumped In February, Says ACT
Net orders for Class 8 trucks in February rose 30% year over year, according to the latest information from ACT Research, the Indiana-based analyst of the North American and Chinese commercial vehicle markets.
According to ACT’s most recent State of the Industry report, net orders for Class 5-7 trucks were also up by 18%.
“The change in heavy-duty order velocity that began in October continued into February,” said Kenny Vieth, president and senior analyst at ACT Research. “Despite falling below the previous two months, February’s order intake was the fifth best since Q2’06, leading to a two-year high backlog.”
Vieth added that medium-duty demand also continues strong and that February was the best order month in six years. “Classes 5-7 net orders rose to their third highest volume this cycle,” he said, adding that in February “Classes 5-7 net orders rose to their third highest volume this cycle.”
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