ACT: New truck, trailer orders rise in September
September Class 8 net orders rose 55 percent year over year and 12 percent over August to 23,600 units, ACT Research Co. reported.
“Class 8 build so far this year stands at more than 180,000 units,” said Kenny Vieth, president and senior analyst at ACT. “Years of deferred purchases are buoying up demand.”
Trailer net orders in September were up 22 percent year over year and almost 31 percent over the previous month, ACT said. Supported by solid production and inventory reduction, total trailer factory shipments in September were up nearly 65 percent.
“Production is still outpacing new order intake, despite the improvement in orders in September,” said Frank Maly, director CV Transportation Analysis and Research with ACT. “This is reducing the backlog.”