Commercial vehicle orders rebound in August: ACT Research

By Becky Schultz07 September 2022

Rebounding from weak July numbers, preliminary North American Class 8 net commercial vehicle orders in August came in at a solid 21600 units with orders for Classes 5 to 7 at 18400 units, according to preliminary data from the State of the Industry: Classes 5-8 Vehicles report by ACT Research, a global publisher of commercial vehicle industry data and forecasting services. The report provides a monthly look at the current production, sales and general state of the on-road heavy- and medium-duty commercial vehicle markets in North America.

Eric Crawford, vice president and senior analyst, ACT Research

“Last month, we sounded a note of caution, with the caveat that there were a number of mitigating factors (extended backlogs, order seasonality and still-closed 2023 order boards) that prevented us from extrapolating too much from July’s weak orders,” said Eric Crawford, ACT’s vice president and senior analyst. “In spite of increased economic uncertainty, carrier profitability and unmet demand continue to support activity.”

Using preliminary August orders and the corresponding OEM build plans from the report (July data) for guidance, Crawford estimated the Class 8 backlog will be shown to have fallen by around 8900 units once complete August industry data, including final order numbers, are published in mid-September. This dip is substantially less than the 12400 average decline the prior three months.

In terms of medium-duty vehicles, the backlog for Classes 5 to 7 is expected to decline by around 3400 units to 132200 units, said Crawford, representing roughly 6.1 months of production.

“Note that the data never quite align month to month,” he continued. “The orders are preliminary and the build numbers are projections, so there will be some variability in reported backlogs when final data is collected.”

MAGAZINES
Latest News
On-highway engines, vehicles on a roll despite weakening economy
North American transportation industry investing in new powertrain initiatives, vehicles despite weaker economic outlook
Case to stop construction sales in China
CNH Industrial will stop selling construction equipment in China from next year
Autocar first to use Hexagon smart gauge
Part of Autocar’s Always Up display, Blue iQ gauge in CNG truck displays