November Class 8 Orders Fall Below Trend: ACT
Dec 20, 2011 2:30 PM
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—with Class 8 new and net orders totaling 24,354 and 20,603 units, respectively, according to ACT Research Co. (ACT).
Despite the decline, the demand situation remains favorable, according to ACT in its State of the Industry report, which covers Class 5 through Class 8 vehicles for the North American market.
“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, president and senior analyst at ACT. “Our suggestion is to look at October and November in aggregate. Doing so generates average monthly net orders of 24,400 units.”
Related content: ACT Sticking with Forecast for Class 8
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