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October Truck Orders Swell

by Anna Mischke | Nov 09, 2017

Customer News 110917Class 5-8 net orders have seen an increase to levels not seen since December 2014. Data from preliminary ACT Research shows 65 percent year-over-year growth with 55,700 units ordered in October. Seasonally adjusted, orders rose 5.7% from September.

Kenny Vieth, President and Senior Analyst at ACT Research says that “orders after season adjustment have been very consistent” ranging from 41,400 units in May to 48,900 units in October and that while numbers are introductory, orders significantly surpassed expectations. Vieth also shared that “October is typically the second strongest order month of the year” due to a boost in municipal ordering from agencies that begin their fiscal years on the first of October. Improving freight conditions are predicted to lead to a rebound in carrier profitability in 2018. 

Vieth recognizes the potential that this year’s NACV show in September may have aided in pushing orders that would have normally been placed in the fourth quarter. While the surge remains strong, this October was 14 percent weaker than typical previous years.

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