Following months of slow orders, preliminary truck order numbers for August in Classes 5-8 rose with their best showings in three months.
ACT Research reported that August’s Class 8 orders posted 20% year-over-year gain to come in at 19,500 units. The seasonally adjusted (SA) numbers for August rose to 22,000 units. The August SA reading represents the third best order month in the past 20.
Class 5-7 orders also rose, to 18,000 units, posting the best aggregate volume month for the three classes since February 2008, ACT said.
“August is typically a strong month for medium-duty vehicle orders. As a result, seasonal adjustment causes a modest decline in the order total to 17,500 units, the third best SA order total since early 2008,” said Kenny Vieth, president & senior analyst for ACT Research.