Class 8 Orders Weaker Than Expected in November: ACT
Dec 5, 2011 2:15 PM
North American Class 8 commercial vehicle preliminary net orders for November surprised on the downside, coming in well below October actuals, as reported by ACT Research Co., LLC (ACT).
The final numbers, which will be released mid-December, will approach 20,700 units for Class 8 trucks and 13,400 for Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5% of actual.
“We believe there was a pull-forward of demand in October to counteract the impact of price increases for the new model year,” said Steve Tam, ACT vice president-commercial vehicle sector. “The underlying fundamentals in the heavy truck market remain healthy. Classes 5-7 preliminary net orders continue to flow in a very narrow band. As a case in point, when seasonally adjusted and annualized, the Classes 5-7 net order matched the YTD average.”
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