No surprises in June’s truck order numbers: ACT Research
COLUMBUS, Ind. — Class 8 net orders came in at just under 20,300 units in June, while Classes 5-7 orders totaled 15,500 units, according to the latest data from ACT Research.
The totals didn’t surprise analysts.
“With the backlog filling early in 2015, Class 8 production and sales metrics continued to gain momentum in June, growing 19% and 17% year-to-date, respectively,” said Kenny Vieth, president and senior analyst with ACT.
“Based on ACT’s expectations for orders and build over the next three months, backlogs will continue to fall before reversing course in October.”
Medium-duty orders were the worst since last June, but a factory move is partly to blame.
“June’s soft, worst-since-last-June net orders need to be put in some context: In the preceding nine months, MD orders averaged 19,800 units per month,” Vieth said. “Impacting orders, approximately 10% of the Classes 6-7 market is out of commission for several months as a factory is moved.”
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