According to the latest State of the Industry report released by ACT Research Co. (ACT), after rising to their third-highest net order volume of the year in October, Class 8 orders fell “below trend” in November, dropping to their second lowest volume in 2011. However, despite the decline, in ACT’s view “the demand situation remains favorable.”
Class 8 new and net orders totaled 24,354 and 20,603 units, respectively, according to ACT.
“We believe special factors, such as the near selling out of remaining 2011 build slots in October and cancellations in export orders in November, were responsible for the boost in order activity in October and the fall-off in order activity in November,” said Kenny Vieth, ACT president & senior analyst.
“Our suggestion is to look at October and November in aggregate,” he added. “Doing so generates average monthly net orders of 24,400 units.”
ACT is apublisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. http://www.actresearch.net