|Class 8 Orders see Up-tick In August|
|Thursday, 13 September 2012 10:23|
According to a report by ACT Research Co., LLC, North America heavy duty GVW Class 8 commercial vehicle preliminary net orders for August, recovered from July, while Classes 5-7 net orders were at their lowest level since January. The final numbers, which will be released mid-September, will approach 16,200 units for heavy duty Class 8 trucks and 13,900 for medium duty Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual.
“Class 8 orders were still caught between the economic soft patch and seasonality,” said Kenny Vieth, president and senior analyst, ACT Research. “When seasonally adjusted, orders were the best since February at 18,400 units,” he added.