Class 8 orders in April dropped 16% month-over-month and 39% year-over-year, to a total of 13,676 units while medium-duty net orders totaled 20,880 units, down 7% month-over-month but up 16% from April 2015, according to ACT Research Co. (ACT).
“For Class 8, U.S. tractors and the Canada market continue to represent the weakest market segments, while orders from Mexico remained the brightest spot,” said Kenny Vieth, ACT’s President & Sr. Analyst “Cancellations dropped to a 23-month low, however. April was the third consecutive month in which cancellations and the cancellation rate declined.”
Vieth said that strong order activity continued across the Classes 5-7 market in April.
“Stronger build than orders in April reduced backlogs, but despite the healthy order trend, backlogs continue hand-to-mouth.”