Net orders for Class 8 heavy trucks dropped in November after several months of steady increase, according to two trucking and vehicle market research firms.
FTR Associates said Class 8 net orders dropped 27 percent from October to about 20,400 units. ACT Research said it expects last month’s orders to total 20,700 units.
The decline may reflect changing dynamics in the truck market. “We believe there was a pull-forward of demand in October to counteract the impact of price increases for the new model year,” said Steve Tam, ACT vice president-commercial vehicle sector. “The underlying fundamentals in the heavy truck market remain healthy.”
Over the previous three months, net orders averaged 24,100 units, FTR said.
“What is most troubling about the November number is that it is back down to levels last seen during the summer when we normally see slow order activity,” said Eric Starks, FTR president. “However, one month does not tell us much about the fundamentals in the market and this does not change our outlook for 2012.”