Medium-Duty Orders Slip 7% Year-Over-Year
ACT Research announced that 20,400 orders for Classes 5-7 trucks were placed in September, a year-over-year decline of 7%.
Orders rose on a sequential basis from August by 19%.
The report was issued one day after ACT, based in Columbus, Indiana, reported a 28% year-over-year decline in Class 8 orders. The September Class 8 total of 13,900 was 2% lower than August. For the first nine months of this year, Class 8 orders have slumped close to 40% compared with 2015.
“Because of its limited exposure to the freight economy, the Classes 5-7 market continues to distinguish itself from the Class 8 market,” said Steve Tam, ACT’s vice president. “Rising 2% year-to-date, medium-duty net orders exemplified the solid, sustainable growth that has been typical of the consumer during this economic cycle.”
