Preliminary figures show that Class 8 garnered 13,100 orders and Class 5-7 got 15,200 in June—the lowest monthly order total since July 2012, according to ACT. Seasonally adjusted, at 31,500 units, it was the lowest total since September 2012.
Final June numbers will be published in mid-July.
“The pace of commercial vehicle orders slowed in seasonal fashion into the first month of summer,” said Kenny Vieth, ACT’s President & Senior Analyst.
Vieth said that the pull-back in medium-duty orders was more a reflection of past strength, rather than current weakness.
“The pull-back of the past two months follows a three-month stretch from February to April in which medium-duty orders were booked at a volume well ahead of demand,” he said. “Despite increasingly easy year-over-year comparisons, Class 8 vehicle orders continued to lose traction in June with orders slipping to 13,100 units. The last time actual Class 8 orders were this low was Q3’10.”