June CV Demand Lowest In Four Years, Says ACT

By pdamon06 July 2016

For the month of June, 28,300 new orders for Class 5 through Class 8 vehicles were booked – the lowest total since 2012, according to the latest information from ACT Research, the Indiana-based market research company specializing in the North American and Chinese commercial vehicle (CV) markets.

Class 8 garnered 13,100 orders and 15,200 orders were placed for for Classes 5 through 7. These numbers are preliminary, ACT noted, with final June numbers to be published in mid-July.

“The pace of commercial vehicle orders slowed in seasonal fashion into the first month of summer,” said Kenny Vieth, ACT’s president & senior snalyst. “June’s medium-duty and heavy-duty net order total volume was the lowest monthly order total since July 2012. Seasonally adjusted, at 31,500 units, it was the lowest total since September 2012.”

Vieth said that the slowing in in medium-duty orders was more a reflection of past strength rather than current weakness. “The pull-back of the past two months follows a three-month stretch from February to April in which medium-duty orders were booked at a volume well ahead of demand,” he said.

Regarding Class 8, Vieth said that, “despite increasingly easy year-over-year comparisons, Class 8 vehicle orders continued to lose traction in June with orders slipping to 13,100 units. The last time actual Class 8 orders were this low was Q3 of ’10.”

www.actresearch.net

MAGAZINES
NEWSLETTER
Delivered directly to your inbox, Diesel News Network newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Hitachi to increase product and service offering in the Americas
Name change for Hitachi subsidiary following ending of Deere JV as the company looks to expand into the Americas
JLG enters agriculture market
JLG has introduced a new telehandler line geared toward the agriculture sector, names ag director of channel development 
Merecedes-Benz GenH2 truck receives road approval
License to use fuel-cell trucks on public roads seen as major step to series production