Surge Raises Industry’s Expectations for 4Q
Orders for new heavy-duty trucks climbed 20% last month from a year earlier, boosting expectations that orders will keep rising in the fall and surpass normal seasonal trends, ACT Research reported.
The order total of 19,500 was the highest in three months and topped July’s total by 11%, ACT said.
The group’s report also said orders for Classes 5-7 rose 30% year-over-year to a five-year high of 18,000 during August, which typically is a strong month for those vehicles.
“Overall, it was a pretty good month,” ACT President Kenny Vieth told Transport Topics. “The important takeaway is that the summer is the weakest period of the year for orders. We do expect a transition into the fourth quarter, the beginning of the peak order season. We think orders…
By Rip Watson, Senior Reporter
This story appears in the Sept. 16 print edition of Transport Topics.