Class 8 Truck Orders Hit Five-Year High
Class 8 North American truck orders rose to 29,200 units in March, a five-year high, ACT Research said.
Net orders were up 159% from year ago and represented the largest monthly order intake since May 2006, the group said.
ACT said its preliminary figure is subject to revision but is typically accurate within 5 percentage points.
“March finished off a second consecutive quarter of elevated Class 8 demand,” said Kenny Vieth, ACT’s president and senior analyst.
“Orders were booked in excess of a 300,000 unit annualized rate from October to March. Industry backlogs, which fell just short of 100,000 units in February, likely rose by another 8,000 to 10,000 units in March,” he said in a statement.
