Preliminary net orders for Class 8 trucks totaled 23,300 units in May, basically flat compared to the previous month, according to ACT Research.
“May typically represents the start of the slower order season for Class 8,” said Kenny Vieth, president and senior analyst of ACT Research, in a written statement. “As such, seasonal adjustment pushed May’s order number above the recent trend to 24,300 units.”
Meanwhile, preliminary net orders for Classes 5-7 were also relatively stable month-to-month at 16,700 units.
“The preliminary volume for Classes 5-7 represents a 12 percent increase compared to last year,” Vieth continued. “With a low but positive factor, seasonal adjustment gave a modest boost to the May order tally at 17,200 units.”
Final numbers will be released in mid-June, although preliminary net order figures are typically accurate within 5 percent of the actual numbers, ACT Research said.